Norway: Market for Diesel-Electric and Other Locomotives 2025

Market Size for Diesel-Electric and Other Locomotives in Norway

The Norwegian diesel-electric and other locomotive market totaled $X in 2022, approximately reflecting the previous year. Overall, consumption, however, saw a significant expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Diesel-Electric and Other Locomotives in Norway

In value terms, diesel-electric and other locomotive production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2019 with an increase of 128%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Diesel-Electric and Other Locomotives

Exports from Norway

In 2022, shipments abroad of diesel-electric and other locomotives decreased by -25% to X units, falling for the second consecutive year after two years of decline. Overall, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 140%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diesel-electric and other locomotive exports contracted dramatically to $X in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 604%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X units) was the main destination for diesel-electric and other locomotive exports from Norway, accounting for a 67% share of total exports. Moreover, diesel-electric and other locomotive exports to Hungary exceeded the volume sent to the second major destination, Sweden (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary totaled +182.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-8.8% per year) and the UK (-6.7% per year).

In value terms, Sweden ($X) emerged as the key foreign market for diesel-electric and other locomotives exports from Norway, comprising 41% of total exports. The second position in the ranking was held by Hungary ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+2,163.7% per year) and the UK (-36.6% per year).

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, dropping by -28.5% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 692% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+700.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel-Electric and Other Locomotives

Imports into Norway

Diesel-electric and other locomotive imports into Norway contracted rapidly to X units in 2022, waning by -28.6% on the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 200% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, diesel-electric and other locomotive imports skyrocketed to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 570% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Sweden (X units) and Denmark (X units) were the main suppliers of diesel-electric and other locomotive imports to Norway, with a combined 70% share of total imports. Moreover, diesel-electric and other locomotive imports in Germany exceeded the figures recorded by the second-largest supplier, Sweden, twofold.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of diesel-electric and other locomotives to Norway, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 25% share of total imports. It was followed by Italy, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.8% per year) and Italy (-18.8% per year).

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, rising by 85% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of 133% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+66.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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