Estonia: Electric Locomotive Market 2020

Electric Locomotive Market Size in Estonia

The revenue of the electric locomotive market in Estonia amounted to $X in 2018, stabilizing at the previous year. Over the period under review, electric locomotive consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the electric locomotive market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Electric Locomotive Production in Estonia

In value terms, electric locomotive production amounted to $X in 2018 estimated in export prices. In general, electric locomotive production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when production volume increased by X% against the previous year. Over the period under review, electric locomotive production reached its peak figure level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Electric Locomotive Exports

Exports from Estonia

In 2018, the exports of electric locomotives from Estonia totaled X units, shrinking by -X% against the previous year. In general, electric locomotive exports continue to indicate a deep slump. Estonia exports peaked at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, electric locomotive exports totaled $X in 2018. Overall, electric locomotive exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. In that year, electric locomotive exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China, Hong Kong SAR (X units) and the UK (X units) were the key exporters of electric locomotives in 2018, accounting for approx. X% and X% of total exports, respectively. France (X units) took an X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%), Brazil (X%) and China (X%). The Netherlands (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electric locomotive supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by France, with a X% share.

In Germany, electric locomotive exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and France (-X% per year).

Export Prices by Country

In 2018, the electric locomotive export price in Estonia amounted to $X per unit, picking up by X% against the previous year. Overall, the electric locomotive export price continues to indicate a strong expansion. The growth pace was the most rapid in 2018 an increase of X% y-o-y. In that year, the export prices for electric locomotives attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Electric Locomotive Imports

Imports into Estonia

Electric locomotive imports into Estonia stood at X units in 2018, falling by -X% against the previous year. In general, electric locomotive imports continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. In that year, electric locomotive imports reached their peak of X units. From 2012 to 2018, the growth of electric locomotive imports remained at a lower figure.

In value terms, electric locomotive imports stood at $X in 2018. Overall, electric locomotive imports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, electric locomotive imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

India was the largest importing country with an import of around X units, which recorded X% of total imports. It was distantly followed by Sudan (X units), the UK (X units) and South Africa (X units), together achieving a X% share of total imports. Slovakia (X units), Bangladesh (X units), Belgium (X units), Ethiopia (X units), Zambia (X units) and the United Arab Emirates (X units) took a minor share of total imports.

India was also the fastest-growing in terms of the electric locomotives imports, with a CAGR of +X% from 2007 to 2018. At the same time, Sudan (+X%), Bangladesh (+X%), Belgium (+X%), Slovakia (+X%), South Africa (+X%), Zambia (+X%), Ethiopia (+X%) and the UK (+X%) displayed positive paces of growth. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Sudan (+X p.p.), South Africa (+X p.p.), Slovakia (+X p.p.), the UK (+X p.p.), Bangladesh (+X p.p.), Belgium (+X p.p.) and Zambia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the United Arab Emirates (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) constitutes the largest market for imported electric locomotives into Estonia, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Ethiopia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Slovakia stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and Ethiopia (+X% per year).

Import Prices by Country

In 2018, the electric locomotive import price in Estonia amounted to $X per unit, increasing by X% against the previous year. Overall, the electric locomotive import price continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the import prices for electric locomotives reached their maximum at $X per unit in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Slovakia ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ethiopia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform