Ireland: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Ireland

After two years of growth, the Irish diesel-electric and other locomotive market decreased by -76.5% to $X in 2022. Overall, consumption continues to indicate a deep slump. Diesel-electric and other locomotive consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel-Electric and Other Locomotives in Ireland

In value terms, diesel-electric and other locomotive production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Ireland

In 2022, shipments abroad of diesel-electric and other locomotives decreased by 0% to X units, falling for the third consecutive year after two years of growth. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 325% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, diesel-electric and other locomotive exports amounted to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 908% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) and Belgium (X units) were the main destinations of diesel-electric and other locomotive exports from Ireland.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +17.6%).

In value terms, the largest markets for diesel-electric and other locomotive exported from Ireland were Belgium ($X) and France ($X).

In terms of the main countries of destination, France, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the export price recorded a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 137% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to France stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+437.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel-Electric and Other Locomotives

Imports into Ireland

After two years of decline, overseas purchases of diesel-electric and other locomotives increased by 700% to X units in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diesel-electric and other locomotive imports surged to $X in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 14,903% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The UK (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of diesel-electric and other locomotive imports to Ireland, together accounting for 88% of total imports. Moreover, diesel-electric and other locomotive imports in the UK exceeded the figures recorded by the second-largest supplier, Belgium, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of diesel-electric and other locomotives to Ireland, comprising 89% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.8% share of total imports. It was followed by the Netherlands, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.0% per year) and the Netherlands (0.0% per year).

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, with an increase of 1,189% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 4,901%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+353.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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