GCC: Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size in GCC

The GCC electric rail locomotive market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption posted a tangible increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Electric Rail Locomotive Production in GCC

In value terms, electric rail locomotive production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 3.6%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Electric Rail Locomotive Exports

Exports in GCC

Electric rail locomotive exports shrank significantly to X units in 2022, with a decrease of -98.1% compared with 2021 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 3,367%. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, electric rail locomotive exports reduced markedly to $X in 2022. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 23,570%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

In 2022, Kuwait (X units), followed by the United Arab Emirates (X units) were the key exporters of electric rail locomotives, together achieving 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of 0.0%).

In value terms, Kuwait ($X) remains the largest electric rail locomotive supplier in GCC, comprising 98% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.7% share of total exports.

In Kuwait, electric rail locomotive exports contracted by an average annual rate of -4.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, dropping by -97.1% against the previous year. Over the period under review, the export price saw a dramatic descent. The pace of growth was the most pronounced in 2021 an increase of 583% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-4.3%).

Electric Rail Locomotive Imports

Imports in GCC

In 2022, imports of electric rail locomotives in GCC shrank slightly to X units, stabilizing at the previous year. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,906% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric rail locomotive imports expanded modestly to $X in 2022. Overall, imports showed a sharp decline. The growth pace was the most rapid in 2017 when imports increased by 16,944% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Oman dominates imports structure, accounting for X units, which was near 87% of total imports in 2022. It was distantly followed by Bahrain (X units), mixing up a 9.6% share of total imports. Kuwait (X units) held a relatively small share of total imports.

Oman was also the fastest-growing in terms of the electric rail locomotives imports, with a CAGR of +29.9% from 2012 to 2022. At the same time, Bahrain (+8.4%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. Oman (+72 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait saw its share reduced by -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bahrain ($X), Oman ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, with a combined 99% share of total imports.

In terms of the main importing countries, Bahrain, with a CAGR of +21.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, increasing by 3.8% against the previous year. In general, the import price, however, showed a precipitous curtailment. The growth pace was the most rapid in 2017 when the import price increased by 3,263% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+12.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform