Slovakia: Electric Locomotive Market 2025

Electric Locomotive Market Size in Slovakia

In 2021, the Slovak electric locomotive market decreased by -99.6% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a dramatic decline. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Electric Locomotive Production in Slovakia

In value terms, electric locomotive production soared to $X in 2021 estimated in export price. Overall, production recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 127%. Electric locomotive production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electric Locomotive Exports

Exports from Slovakia

Electric locomotive exports from Slovakia skyrocketed to X units in 2021, surging by 71% on the year before. Overall, exports recorded notable growth. The growth pace was the most rapid in 2013 with an increase of 500%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric locomotive exports dropped remarkably to $X in 2021. In general, exports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2019 with an increase of 369%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for electric locomotive exports from Slovakia, with a 93% share of total exports. Moreover, electric locomotive exports to the Czech Republic exceeded the volume sent to the second major destination, Serbia (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +7.6%.

In value terms, the Czech Republic ($X) emerged as the key foreign market for electric locomotives exports from Slovakia, comprising 84% of total exports. The second position in the ranking was held by Serbia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at +1.3%.

Export Prices by Country

The average electric locomotive export price stood at $X per unit in 2021, dropping by -51.5% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 120%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to the Czech Republic totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.1%), while the prices for the other major destinations experienced a decline.

Electric Locomotive Imports

Imports into Slovakia

For the third consecutive year, Slovakia recorded decline in purchases abroad of electric locomotives, which decreased by -81.2% to X units in 2021. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 188% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electric locomotive imports dropped notably to $X in 2021. Over the period under review, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 316% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X units) and Switzerland (X units) were the main suppliers of electric locomotive imports to Slovakia. Moreover, electric locomotive imports in the Czech Republic exceeded the figures recorded by the second-largest supplier, Switzerland, twofold.

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

In value terms, the Czech Republic ($X) constituted the largest supplier of electric locomotives to Slovakia, comprising 97% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled -42.6%.

Import Prices by Country

The average electric locomotive import price stood at $X per unit in 2021, falling by -6.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 295%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, 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 Czech Republic ($X per unit), while the price for Switzerland stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+929.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :