India: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in India

The Indian diesel-electric and other locomotive market surged to $X in 2022, increasing by 59% against the previous year. Over the period under review, consumption, however, saw a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Diesel-Electric and Other Locomotives in India

In value terms, diesel-electric and other locomotive production declined to $X in 2022 estimated in export price. In general, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 55%. Diesel-electric and other locomotive production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Diesel-Electric and Other Locomotives

Exports from India

Diesel-electric and other locomotive exports from India dropped rapidly to X units in 2022, declining by -51.4% on the previous year. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 625% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, diesel-electric and other locomotive exports declined notably to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 2,020% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X units) was the main destination for diesel-electric and other locomotive exports from India, accounting for a 35% share of total exports. Moreover, diesel-electric and other locomotive exports to Mozambique exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Canada (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Mozambique stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.2% per year) and Canada (0.0% per year).

In value terms, Mozambique ($X) remains the key foreign market for diesel-electric and other locomotives exports from India, comprising 76% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Sri Lanka, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Mozambique amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+111.7% per year) and Sri Lanka (-38.8% per year).

Export Prices by Country

In 2022, the average diesel-electric and other locomotive export price amounted to $X per unit, shrinking by -48.4% against the previous year. Overall, the export price, however, recorded moderate growth. The most prominent rate of growth was recorded in 2021 an increase of 809% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 Mozambique ($X per unit), while the average price for exports to Nepal ($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 the United States (+97.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel-Electric and Other Locomotives

Imports into India

In 2022, after four years of decline, there was significant growth in overseas purchases of diesel-electric and other locomotives, when their volume increased by 200% to X units. In general, imports, however, recorded a abrupt shrinkage. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, diesel-electric and other locomotive imports surged to $X in 2022. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 2,022%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of diesel-electric and other locomotive to India, accounting for a 62% share of total imports. Moreover, diesel-electric and other locomotive imports from Germany exceeded the figures recorded by the second-largest supplier, Sri Lanka (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+200.0% per year) and the United States (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of diesel-electric and other locomotives to India, comprising 68% of total imports. The second position in the ranking was taken by Mozambique ($X), with a 16% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (0.0% per year) and the United States (+14.3% per year).

Import Prices by Country

In 2022, the average diesel-electric and other locomotive import price amounted to $X per unit, surging by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 2,275% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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