Middle East: Diesel-Electric Locomotive Market 2022

Diesel-Electric Locomotive Market Size in the Middle East

The Middle Eastern diesel-electric locomotive market rose slightly to $X in 2021, with an increase of 1.6% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Diesel-Electric Locomotive Production in the Middle East

In value terms, diesel-electric locomotive production shrank modestly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Diesel-Electric Locomotive Exports

Exports in the Middle East

In 2021, overseas shipments of diesel-electric locomotives decreased by -75% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 100%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, diesel-electric locomotive exports shrank sharply to $X in 2021. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 795% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) represented roughly 100% of total exports in 2021. Turkey (X units) held a 0% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (100%).

From 2012 to 2021, Saudi Arabia (+10.4%) constituted the fastest-growing diesel-electric locomotive suppliers amongst the major diesel-electric locomotive exporters. At the same time, exports of diesel-electric locomotive from experienced a contraction from 2012 to 2021. The United Arab Emirates and Turkey experienced a relatively flat trend pattern. Turkey (+75 p.p.) significantly strengthened its position in terms of the total exports, while Israel, Saudi Arabia and the United Arab Emirates saw its share reduced by -25%, -25% and -25% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest diesel-electric locomotive supplier in the Middle East, comprising 78% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total exports.

In Turkey, diesel-electric locomotive exports decreased by an average annual rate of -14.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-17.2% per year) and Saudi Arabia (-32.1% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, increasing by 37% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 795%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.3%), while the other leaders experienced a decline in the export price figures.

Diesel-Electric Locomotive Imports

Imports in the Middle East

In 2021, supplies from abroad of diesel-electric locomotives increased by 86% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a deep setback. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, diesel-electric locomotive imports skyrocketed to $X in 2021. Overall, imports posted a modest increase. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of diesel-electric locomotives, namely Israel, Turkey, Saudi Arabia and Iran, represented more than two-thirds of total import. Israel (X units) took the next position in the ranking, followed by Turkey (X units) and Qatar (X units). All these countries together took approx. 69% share of total imports. Iran (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +16.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported diesel-electric locomotives in the Middle East, comprising 70% of total imports. The second position in the ranking was held by Iran ($X), with a 13% share of total imports. It was followed by Israel, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +62.5%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+21.7% per year) and Israel (-3.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, surging by 93% against the previous year. Overall, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2019 when the import price increased by 1,672% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+31.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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