Eastern Europe: Diesel-Electric Locomotive Market 2022

Diesel-Electric Locomotive Market Size in Eastern Europe

The East European diesel-electric locomotive market dropped to $X in 2021, which is down by -5.4% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Diesel-Electric Locomotive Production in Eastern Europe

In value terms, diesel-electric locomotive production expanded modestly to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Diesel-Electric Locomotive Exports

Exports in Eastern Europe

Diesel-electric locomotive exports declined to X units in 2021, reducing by -6.4% compared with the previous year. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 90% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, diesel-electric locomotive exports fell modestly to $X in 2021. Overall, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 78%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) and Ukraine (X units) were the largest exporters of diesel-electric locomotives in 2021, resulting at approx. 57% and 2.3% of total exports, respectively. It was distantly followed by Estonia (X units), the Czech Republic (X units), Latvia (X units) and Russia (X units), together committing an 89% share of total exports. The following exporters - Poland (X units), Bulgaria (X units) and Slovakia (X units) - together made up 6.8% of total exports.

From 2012 to 2021, average annual rates of growth with regard to diesel-electric locomotives exports from Russia and Ukraine stood at +10.7% and -36.4%, respectively. At the same time, Estonia (+100.0%), the Czech Republic (+27.7%), Russia (+10.7%), Poland (+8.0%) and Latvia (+5.2%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +100.0% from 2012-2021. Bulgaria and Slovakia experienced a relatively flat trend pattern. By contrast, Lithuania (-6.5%) illustrated a downward trend over the same period. While the share of Russia (+44 p.p.), the Czech Republic (+9.6 p.p.), Estonia (+9.1 p.p.), Latvia (+8 p.p.), Bulgaria (+2.3 p.p.) and Poland (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Lithuania (-1.9 p.p.) and Ukraine (-73.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), the Czech Republic ($X) and Latvia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 91% share of total exports. Estonia, Ukraine, Slovakia, Lithuania, Poland and Bulgaria lagged somewhat behind, together comprising a further 8.7%.

Estonia, with a CAGR of +35.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, growing by 2.7% against the previous year. In general, the export price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2017 an increase of 48%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the other leaders experienced more modest paces of growth.

Diesel-Electric Locomotive Imports

Imports in Eastern Europe

In 2021, purchases abroad of diesel-electric locomotives decreased by -40.2% to X units, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 187% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, diesel-electric locomotive imports dropped rapidly to $X in 2021. Over the period under review, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2019 when imports increased by 126%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of diesel-electric locomotive imports in 2021 were Latvia (X units), Russia (X units) and Ukraine (X units), together reaching 61% of total import. Romania (X units) held a 4.1% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (10%), Poland (0%), Latvia (27%), Lithuania (16%) and Ukraine (33%). The following importers - Belarus (X units), Romania (X units), the Czech Republic (X units), Hungary (X units) and Russia (X units) - together made up 12% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ukraine (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel-electric locomotive importing markets in Eastern Europe were Lithuania ($X), Ukraine ($X) and Bulgaria ($X), with a combined 66% share of total imports.

Among the main importing countries, Bulgaria, with a CAGR of +35.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, which is down by -39.4% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 185%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+28.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :