Latin America and the Caribbean: Diesel-Electric Locomotive Market 2022

Diesel-Electric Locomotive Market Size in Latin America and the Caribbean

The Latin American diesel-electric locomotive market totaled $X in 2021, approximately reflecting the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.2% against 2019 indices. The level of consumption peaked at $X in 2016; afterwards, it flattened through to 2021.

Diesel-Electric Locomotive Production in Latin America and the Caribbean

In value terms, diesel-electric locomotive production expanded modestly to $X in 2021 estimated in export price. In general, production, however, recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 98%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Diesel-Electric Locomotive Exports

Exports in Latin America and the Caribbean

In 2021, the amount of diesel-electric locomotives exported in Latin America and the Caribbean surged to X units, increasing by 100% compared with 2020. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 281% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, diesel-electric locomotive exports dropped notably to $X in 2021. Overall, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 when exports increased by 118% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Brazil (X units), followed by Mexico (X units) represented the main exporters of diesel-electric locomotives, together comprising 100% of total exports.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of -11.5%).

In value terms, the largest diesel-electric locomotive supplying countries in Latin America and the Caribbean were Mexico ($X) and Brazil ($X).

Mexico, with a CAGR of -19.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, waning by -77.9% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when the export price increased by 168% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-4.7%).

Diesel-Electric Locomotive Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of diesel-electric locomotives were finally on the rise to reach X units after five years of decline. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 59%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, diesel-electric locomotive imports expanded notably to $X in 2021. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 44% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X units), Mexico (X units) and Venezuela (X units) was the key importer of diesel-electric locomotives in Latin America and the Caribbean, creating 77% of total import. Argentina (X units) took a 31% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (7%), Brazil (9.3%), Chile (3.5%), Costa Rica (4.7%) and Venezuela (38%). The following importers - Chile (X units), Colombia (X units) and Peru (X units) - together made up 8.1% of total imports.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +44.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constitutes the largest market for imported diesel-electric locomotives in Latin America and the Caribbean, comprising 52% of total imports. The second position in the ranking was held by Brazil ($X), with a 24% share of total imports. It was followed by Costa Rica, with a 9.2% share.

In Argentina, diesel-electric locomotive imports increased at an average annual rate of +44.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-13.1% per year) and Costa Rica (+12.9% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, shrinking by -7.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 74% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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