Report Update Nov 1, 2024

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

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Denmark: Electric Locomotive Market 2024

Electric Locomotive Market Size in Denmark

For the tenth year in a row, the Danish electric locomotive market recorded growth in sales value, which increased by 278% to $X in 2021. Overall, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Locomotive Production in Denmark

In value terms, electric locomotive production contracted to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 27%. As a result, production reached the peak level of $X, and then reduced in the following year.

Electric Locomotive Exports

Exports from Denmark

In 2021, overseas shipments of electric locomotives decreased by 0% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 100% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, electric locomotive exports declined markedly to $X in 2021. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 262% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Sweden (X units) and Spain (X units) were the main destinations of electric locomotive exports from Denmark.

From 2016 to 2021, the biggest increases were recorded for Sweden (with a CAGR of 0.0%).

In value terms, Spain ($X) and Sweden ($X) were the largest markets for electric locomotive exported from Denmark worldwide.

Sweden, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average electric locomotive export price stood at $X per unit in 2021, dropping by -94.9% against the previous year. Over the period under review, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 81%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Sweden totaled $X per unit.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-59.7%).

Electric Locomotive Imports

Imports into Denmark

Electric locomotive imports into Denmark surged to X units in 2021, growing by 700% on the previous year. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric locomotive imports soared to $X in 2021. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) was the main supplier of electric locomotive to Denmark, accounting for a approx. 100% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of volume from Germany stood at +1,500.0%.

In value terms, Germany ($X) constituted the largest supplier of electric locomotives to Denmark.

From 2015 to 2021, the average annual rate of growth in terms of value from Germany stood at +648.9%.

Import Prices by Country

The average electric locomotive import price stood at $X per unit in 2021, declining by -8% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The import price peaked at $X per unit in 2020, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2020 to 2021, the rate of growth in terms of prices for Germany amounted to -53.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

India constituted the country with the largest volume of electric locomotive consumption, comprising approx. 30% of total volume. Moreover, electric locomotive consumption in India exceeded the figures recorded by the second-largest consumer, Japan, fourfold. Saudi Arabia ranked third in terms of total consumption 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. The third position in this ranking was occupied by Japan, with an 8.3% share.

What are the leading suppliers of electric locomotives to Denmark?

In value terms, Germany constituted the largest supplier of electric locomotive to Denmark.

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

The average electric locomotive export price stood at $29,917 per unit in 2020, jumping by 21% against the previous year.

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

The average electric locomotive import price stood at $506,302 per unit in 2021, dropping by -8% against the previous year.

This report provides an in-depth analysis of the electric locomotive market in Denmark. 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:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023