Report Update Feb 1, 2025

Colombia - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Colombia: Electric Locomotive Market 2025

Electric Locomotive Market Size in Colombia

The Colombian electric locomotive market soared to $X in 2021, picking up by 69% against the previous year. In general, consumption posted temperate growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Electric Locomotive Production in Colombia

In value terms, electric locomotive production stood at $X in 2021 estimated in export price. In general, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 with a decrease of 99.9% against the previous year. Electric locomotive production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Electric Locomotive Exports

Exports from Colombia

In 2019, exports of electric locomotives from Colombia stood at X units, leveling off at the year before. Overall, exports showed a significant increase. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, electric locomotive exports soared to $X in 2019. Over the period under review, total exports indicated significant growth from 2017 to 2019: its value increased at an average annual rate of +26.9% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +61.0% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for electric locomotive exports from Colombia, accounting for a approx. 100% share of total exports.

From 2017 to 2019, the average annual growth rate of volume to France was relatively modest.

From 2017 to 2019, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

In 2019, the average electric locomotive export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2017 to 2019, the rate of growth in terms of prices for France amounted to 0.0% per year.

Electric Locomotive Imports

Imports into Colombia

In 2021, the amount of electric locomotives imported into Colombia dropped to X units, waning by -14.3% compared with 2020. Overall, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2016 with an increase of 233% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electric locomotive imports soared to $X in 2021. In general, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2018 when imports increased by 514% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Spain (X units), China (X units) and Peru (X units) were the main suppliers of electric locomotive imports to Colombia, together comprising 58% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +14.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X), Spain ($X) and China ($X) appeared to be the largest electric locomotive suppliers to Colombia, with a combined 66% share of total imports.

In terms of the main suppliers, China, with a CAGR of +73.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric locomotive import price stood at $X per unit in 2021, growing by 145% against the previous year. In general, the import price showed a moderate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Peru ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric locomotives in the world?

India remains the largest electric locomotive consuming country worldwide, comprising approx. 30% of total volume. Moreover, electric locomotive consumption in India exceeded the figures recorded by the second-largest consumer, Japan, fourfold. The third position in this ranking was occupied by Saudi Arabia, with a 5.4% share.

What are the largest producers of electric locomotives in the world?

The country with the largest volume of electric locomotive production was India, accounting for 35% of total volume. Moreover, electric locomotive production in India exceeded the figures recorded by the second-largest producer, Germany, threefold. Japan ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of electric locomotives to Colombia?

In value terms, Spain, Peru and China were the largest electric locomotive suppliers to Colombia, with a combined 79% share of total imports.

What is the average export price for electric locomotives in Colombia?

The average electric locomotive export price stood at $17,273 per unit in 2019, almost unchanged from the previous year.

What is the average import price for electric locomotives in Colombia?

The average electric locomotive import price stood at $33,896 per unit in 2021, falling by -29.1% against the previous year.

This report provides an in-depth analysis of the electric locomotive market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30201100 - Rail locomotives powered from an external source of electricity
Prodcom 30201300 - Other rail locomotives, locomotive tenders

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024