Report Update Feb 1, 2025

Slovakia - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights

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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) :

What are the largest markets for electric locomotives in the world?

India remains the largest electric locomotive consuming country worldwide, comprising approx. 30% of total volume. Moreover, electric locomotive consumption in India exceeded the figures recorded by the second-largest consumer, Japan, fourfold. The third position in this ranking was occupied by Saudi Arabia, with a 5.4% share.

What are the largest producers of electric locomotives in the world?

India remains the largest electric locomotive producing country worldwide, comprising approx. 35% of total volume. Moreover, electric locomotive production in India exceeded the figures recorded by the second-largest producer, Germany, threefold. Japan ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of electric locomotives to Slovakia?

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

What are the leading importers of electric locomotives from Slovakia?

In value terms, the Czech Republic emerged as the key foreign market for electric locomotive exports from Slovakia, comprising 88% of total exports. The second position in the ranking was occupied by Serbia, with a 12% share of total exports.

What is the average export price for electric locomotives in Slovakia?

The average electric locomotive export price stood at $9,123 per unit in 2021, falling by -21.1% against the previous year.

What is the average import price for electric locomotives in Slovakia?

In 2021, the average electric locomotive import price amounted to $27,590 per unit, with an increase of 14% against the previous year.

This report provides an in-depth analysis of the electric locomotive market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30201100 - Rail locomotives powered from an external source of electricity
Prodcom 30201300 - Other rail locomotives, locomotive tenders

Country coverage:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024