Peru: Electric Locomotive Market 2025

Electric Locomotive Market Size in Peru

In 2021, the Peruvian electric locomotive market decreased by -51.1% to $X, falling for the third year in a row after three years of growth. Overall, consumption recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Electric Locomotive Production in Peru

In value terms, electric locomotive production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with a decrease of -1%. Electric locomotive production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Electric Locomotive Exports

Exports from Peru

In 2021, the amount of electric locomotives exported from Peru soared to X units, growing by 20% compared with 2020 figures. Over the period under review, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 120% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric locomotive exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 143% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Nicaragua (X units) and Ecuador (X units) were the main destinations of electric locomotive exports from Peru. Moreover, electric locomotive exports in Colombia exceeded the figures recorded by the second-largest exporter, Nicaragua, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +3.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electric locomotive exported from Peru were Colombia ($X), Nicaragua ($X) and Ecuador ($X), together accounting for 99% of total exports.

Among the main countries of destination, Colombia, with a CAGR of -4.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average electric locomotive export price stood at $X per unit in 2021, surging by 54% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of 54% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Bolivia ($X per unit) and Colombia ($X per unit), while the average price for exports to Ecuador ($X per unit) and Nicaragua ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+7.3%), while the prices for the other major destinations experienced a decline.

Electric Locomotive Imports

Imports into Peru

In 2021, electric locomotive imports into Peru fell rapidly to X units, declining by -78.6% on the previous year. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 1,300%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electric locomotive imports reduced remarkably to $X in 2021. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 2,124% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units) and China (X units) were the main suppliers of electric locomotive imports to Peru.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of 0.0%).

In value terms, the largest electric locomotive suppliers to Peru were the UK ($X), China ($X) and the United States ($X), together accounting for 97% of total imports. Taiwan (Chinese) and Canada lagged somewhat behind, together accounting for a further 1.2%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +45.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electric locomotive import price stood at $X per unit in 2021, reducing by -57.2% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 140% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+43.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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