Malaysia: Electric Locomotive Market 2025

Electric Locomotive Market Size in Malaysia

The Malaysian electric locomotive market surged to $X in 2021, increasing by 118% against the previous year. In general, consumption, however, continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Locomotive Production in Malaysia

In value terms, electric locomotive production contracted modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Electric Locomotive Exports

Exports from Malaysia

In 2021, overseas shipments of electric locomotives increased by 100% to X units, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 3,000% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric locomotive exports fell dramatically to $X in 2021. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 762% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for electric locomotive exports from Malaysia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +9.1%.

In value terms, Indonesia ($X) remains the key foreign market for electric locomotives exports from Malaysia, comprising 52% of total exports. The second position in the ranking was held by Singapore ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-3.6% per year) and Germany (+26.9% per year).

Export Prices by Country

In 2021, the average electric locomotive export price amounted to $X per unit, declining by -60.6% against the previous year. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average 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 Singapore ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.4%), while the prices for the other major destinations experienced a decline.

Electric Locomotive Imports

Imports into Malaysia

In 2021, approx. X units of electric locomotives were imported into Malaysia; increasing by 173% on 2020. Over the period under review, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 3,543% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, electric locomotive imports expanded notably to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 2,330% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Singapore (X units) and Japan (X units) were the main suppliers of electric locomotive imports to Malaysia, with a combined 89% share of total imports. Moreover, electric locomotive imports in China exceeded the figures recorded by the second-largest supplier, Singapore, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +45.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest electric locomotive suppliers to Malaysia, together accounting for 74% of total imports.

Japan, with a CAGR of +134.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric locomotive import price amounted to $X per unit, dropping by -59.7% against the previous year. Over the period under review, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 482%. The import price peaked at $X per unit in 2020, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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