Northern America: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Northern America

The North American diesel-electric and other locomotive market surged to $X in 2022, picking up by 16% against the previous year. Over the period under review, consumption, however, saw a pronounced shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Diesel-Electric and Other Locomotives in Northern America

In value terms, diesel-electric and other locomotive production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Diesel-Electric and Other Locomotives

Exports in Northern America

In 2022, approx. X units of diesel-electric and other locomotives were exported in Northern America; with an increase of 12% against the previous year's figure. Over the period under review, exports, however, recorded a deep slump. The growth pace was the most rapid in 2020 when exports increased by 27% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, diesel-electric and other locomotive exports surged to $X in 2022. Overall, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of diesel-electric and other locomotives, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the diesel-electric and other locomotives exports, with a CAGR of -6.0% from 2012 to 2022. The United States (+8.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest diesel-electric and other locomotive supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -8.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, growing by 17% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2020 an increase of 18% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.1% per year.

Imports of Diesel-Electric and Other Locomotives

Imports in Northern America

In 2022, the amount of diesel-electric and other locomotives imported in Northern America surged to X units, increasing by 208% compared with the year before. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 300%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, diesel-electric and other locomotive imports soared to $X in 2022. In general, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 877% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States was the main importing country with an import of around X units, which amounted to 64% of total imports. It was distantly followed by Canada (X units), committing a 36% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of -3.3%).

In value terms, the United States ($X) constitutes the largest market for imported diesel-electric and other locomotives in Northern America, comprising 79% of total imports. The second position in the ranking was held by Canada ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -9.6%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, reducing by -20.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 388%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.2%).

Source: IndexBox Platform

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