Latvia: Electric Locomotive Market 2020

Electric Locomotive Market Size in Latvia

The revenue of the electric locomotive market in Latvia amounted to $X in 2018, coming down by -X% against the previous year. In general, electric locomotive consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. In that year, the electric locomotive market reached its peak level of $X. From 2010 to 2018, the growth of the electric locomotive market remained at a lower figure.

Electric Locomotive Production in Latvia

In value terms, electric locomotive production stood at $X in 2018 estimated in export prices. Over the period under review, electric locomotive production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. Over the period under review, electric locomotive production attained its peak figure level at $X in 2010; however, from 2011 to 2018, production remained at a lower figure.

Electric Locomotive Exports

Exports from Latvia

In 2018, approx. X units of electric locomotives were exported from Latvia; approximately equating the previous year. Over the period under review, electric locomotive exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. In that year, electric locomotive exports attained their peak of X units. From 2016 to 2018, the growth of electric locomotive exports failed to regain its momentum.

In value terms, electric locomotive exports stood at $X in 2018. In general, electric locomotive exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. In that year, electric locomotive exports attained their peak of $X. From 2014 to 2018, the growth of electric locomotive exports remained at a lower figure.

Exports by Country

In 2018, China, Hong Kong SAR (X units) and the UK (X units) represented the main exporters of electric locomotivesin the world, together mixing up X% of total exports. France (X units) held an X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%), Brazil (X%) and China (X%). The Netherlands (X units) took a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electric locomotive supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by France, with a X% share.

In Germany, electric locomotive exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and France (-X% per year).

Export Prices by Country

In 2018, the electric locomotive export price in Latvia amounted to $X per unit, going up by X% against the previous year. Overall, the electric locomotive export price, however, continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. In that year, the export prices for electric locomotives attained their peak level of $X per unit. From 2014 to 2018, the growth in terms of the export prices for electric locomotives failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Electric Locomotive Imports

Imports into Latvia

In 2018, approx. X units of electric locomotives were imported into Latvia; going down by -X% against the previous year. Overall, electric locomotive imports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, electric locomotive imports reached their peak figure at X units in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, electric locomotive imports totaled $X in 2018. In general, electric locomotive imports continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. In that year, electric locomotive imports attained their peak of $X. From 2012 to 2018, the growth of electric locomotive imports remained at a somewhat lower figure.

Imports by Country

India represented the largest importer of electric locomotives in the world, with the volume of imports resulting at X units, which was near X% of total imports in 2018. Sudan (X units) ranks second in terms of the total imports with a X% share, followed by the UK (X%) and South Africa (X%). Slovakia (X units), Bangladesh (X units), Belgium (X units), Ethiopia (X units), Zambia (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the electric locomotives imports, with a CAGR of +X% from 2007 to 2018. At the same time, Sudan (+X%), Bangladesh (+X%), Belgium (+X%), Slovakia (+X%), South Africa (+X%), Zambia (+X%), Ethiopia (+X%) and the UK (+X%) displayed positive paces of growth. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Sudan (+X p.p.), South Africa (+X p.p.), Slovakia (+X p.p.), the UK (+X p.p.), Bangladesh (+X p.p.), Belgium (+X p.p.) and Zambia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the United Arab Emirates (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) constitutes the largest market for imported electric locomotives into Latvia, comprising X% of global imports. The second position in the ranking was occupied by Latvia ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Slovakia stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Latvia (-X% per year) and India (+X% per year).

Import Prices by Country

In 2018, the electric locomotive import price in Latvia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the electric locomotive import price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Latvia import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Slovakia ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ethiopia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform