EU: Diesel-Electric Locomotive Market 2022

Diesel-Electric Locomotive Market Size in the EU

In 2021, the EU diesel-electric locomotive market decreased by -18.7% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then reduced sharply in the following year.

Diesel-Electric Locomotive Production in the EU

In value terms, diesel-electric locomotive production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Diesel-Electric Locomotive Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in shipments abroad of diesel-electric locomotives, which increased by 47% to X units in 2021. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, diesel-electric locomotive exports surged to $X in 2021. Overall, exports saw a measured increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X units), the Czech Republic (X units), Latvia (X units), Germany (X units), Spain (X units) and France (X units) represented roughly 92% of total exports in 2021. France (X units) held the next position in the ranking, followed by France (X units) and Latvia (X units). All these countries together took near 34% share of total exports. The following exporters - Poland (X units), Austria (X units) and Bulgaria (X units) - together made up 5% of total exports.

From 2012 to 2021, the biggest increases were in Estonia (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the largest diesel-electric locomotive supplier in the European Union, comprising 50% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports. It was followed by France, with a 17% share.

In Spain, diesel-electric locomotive exports increased at an average annual rate of +12.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-8.9% per year) and France (+82.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, increasing by 45% against the previous year. In general, the export price continues to indicate a temperate increase. The pace of growth was the most pronounced in 2020 when the export price increased by 55%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Spain ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+46.3%), while the other leaders experienced more modest paces of growth.

Diesel-Electric Locomotive Imports

Imports in the EU

In 2021, imports of diesel-electric locomotives in the European Union dropped dramatically to X units, waning by -48.4% against 2020. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 184%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, diesel-electric locomotive imports fell significantly to $X in 2021. Overall, imports, however, showed a moderate increase. The growth pace was the most rapid in 2020 with an increase of 129%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2021, Lithuania (X units), Romania (X units) and Latvia (X units) was the major importer of diesel-electric locomotives in the European Union, making up 36% of total import. Bulgaria (X units) took a 7.8% share (based on physical terms) of total imports, which put it in second place, followed by Austria (7.8%), Latvia (20%), Sweden (9.4%), Poland (0%), Germany (9.4%), Finland (4.7%), Lithuania (13%), France (13%) and Italy (7.8%). The following importers - Slovakia (X units) - together made up 1.6% of total imports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported diesel-electric locomotives in the European Union, comprising 42% of total imports. The second position in the ranking was held by Finland ($X), with a 14% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in France amounted to +23.6%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+44.3% per year) and Germany (+56.9% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, picking up by 24% against the previous year. Over the period under review, the import price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2017 when the import price increased by 171% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+37.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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