Lithuania: Electric Locomotive Market 2020

Electric Locomotive Market Size in Lithuania

The revenue of the electric locomotive market in Lithuania amounted to $X in 2018, surging by X% against the previous year. Over the period under review, electric locomotive consumption, however, continues to indicate an abrupt reduction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Lithuania electric locomotive consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Electric Locomotive Production in Lithuania

In value terms, electric locomotive production stood at $X in 2018 estimated in export prices. Overall, electric locomotive production, however, continues to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, electric locomotive production attained its peak figure level at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Electric Locomotive Exports

Exports from Lithuania

In 2018, the exports of electric locomotives from Lithuania stood at X units, dropping by -X% against the previous year. In general, electric locomotive exports continue to indicate an abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, electric locomotive exports attained their peak figure at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, electric locomotive exports totaled $X in 2018. In general, electric locomotive exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. In that year, electric locomotive exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China, Hong Kong SAR (X units) and the UK (X units) represented roughly X% of total exports of electric locomotives in 2018. France (X units) occupied 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) followed a long way behind the leaders.

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

From 2007 to 2018, the average annual growth rate of value in Germany amounted to +X%. 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 Lithuania amounted to $X per unit, rising by X% against the previous year. Over the period under review, the electric locomotive export price continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the export prices for electric locomotives reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Lithuania

Electric locomotive imports into Lithuania stood at X units in 2018, remaining constant against the previous year. Overall, electric locomotive imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Lithuania imports peaked at X units in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, electric locomotive imports amounted to $X in 2018. Overall, electric locomotive imports continue to indicate a precipitous drop. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Lithuania imports peaked at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

India represented the main importing country with an import of around X units, which recorded X% of total imports. Sudan (X units) held the second position in the ranking, followed by the UK (X units) and South Africa (X units). All these countries together occupied near X% share of total imports. Slovakia (X units), Bangladesh (X units), Belgium (X units), Ethiopia (X units), Zambia (X units) and the United Arab Emirates (X units) took a minor share of total imports.

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. From 2007 to 2018, the share of India, Sudan, South Africa, Slovakia, the UK, Bangladesh, Belgium and Zambia increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the United Arab Emirates (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Slovakia, electric locomotive imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and Ethiopia (+X% per year).

Import Prices by Country

The electric locomotive import price in Lithuania stood at $X per unit in 2018, going down by -X% against the previous year. Over the period under review, the electric locomotive import price continues to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Lithuania import price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; 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