Estonia: Market for Diesel-Electric and Other Locomotives 2025

Market Size for Diesel-Electric and Other Locomotives in Estonia

The Estonian diesel-electric and other locomotive market soared to $X in 2022, jumping by 70% against the previous year. In general, consumption, however, showed a deep downturn. Diesel-electric and other locomotive consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel-Electric and Other Locomotives in Estonia

In value terms, diesel-electric and other locomotive production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 376% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Estonia

In 2022, shipments abroad of diesel-electric and other locomotives decreased by -77.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 800% against the previous year. The exports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, diesel-electric and other locomotive exports dropped markedly to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 5,377% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X units) was the main destination for diesel-electric and other locomotive exports from Estonia, with a 87% share of total exports. Moreover, diesel-electric and other locomotive exports to Latvia exceeded the volume sent to the second major destination, Georgia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Lithuania (0.0% per year).

In value terms, Georgia ($X) emerged as the key foreign market for diesel-electric and other locomotives exports from Estonia, comprising 56% of total exports. The second position in the ranking was held by Latvia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia totaled +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-20.1% per year) and Lithuania (+3.3% per year).

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, picking up by 52% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the average export price increased by 1,412%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+50.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel-Electric and Other Locomotives

Imports into Estonia

Diesel-electric and other locomotive imports into Estonia skyrocketed to X units in 2022, rising by 200% compared with 2021 figures. In general, imports, however, recorded a drastic downturn. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, diesel-electric and other locomotive imports reduced rapidly to $X in 2022. Overall, imports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 294% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), Spain (X units) and Germany (X units) were the main suppliers of diesel-electric and other locomotive imports to Estonia.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) constituted the largest supplier of diesel-electric and other locomotives to Estonia, comprising 80% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and Spain (0.0% per year).

Import Prices by Country

In 2022, the average diesel-electric and other locomotive import price amounted to $X per unit, waning by -86.1% against the previous year. Over the period under review, the import price faced a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 689% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+14.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform