South-Eastern Asia: Diesel-Electric Locomotive Market 2022

Diesel-Electric Locomotive Market Size in South-Eastern Asia

For the tenth consecutive year, the Southeast Asian diesel-electric locomotive market recorded growth in sales value, which increased by 2% to $X in 2021. Over the period under review, consumption posted a resilient expansion. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Diesel-Electric Locomotive Production in South-Eastern Asia

In value terms, diesel-electric locomotive production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 39%. The level of production peaked at $X in 2020, and then shrank in the following year.

Diesel-Electric Locomotive Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of diesel-electric locomotives decreased by -66.7% to X units, falling for the second consecutive year after five years of growth. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 150%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, diesel-electric locomotive exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 262%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Malaysia dominates exports structure, resulting at X units, which was approx. 100% of total exports in 2021. It was distantly followed by , creating a 0% share of total exports. held a minor share of total exports.

From 2013 to 2021, average annual rates of growth with regard to diesel-electric locomotive exports from Malaysia stood at -20.6%. Cambodia and Singapore experienced a relatively flat trend pattern. Malaysia (+100 p.p.) significantly strengthened its position in terms of the total exports, while Cambodia saw its share reduced by 99.9% from 2013 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diesel-electric locomotive supplying countries in South-Eastern Asia were Malaysia ($X) and Singapore ($X).

Singapore, with a CAGR of +92.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, picking up by 320% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2021, the rate of growth in terms of prices for Malaysia amounted to +53.5% per year.

Diesel-Electric Locomotive Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of diesel-electric locomotives was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a mild increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diesel-electric locomotive imports soared to $X in 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Myanmar prevails in imports structure, amounting to X units, which was near 83% of total imports in 2021. Indonesia (X units) ranks second in terms of the total imports with a 9.2% share, followed by Vietnam (6.7%), Malaysia (0%) and Thailand (0.8%).

Myanmar experienced a relatively flat trend pattern with regard to volume of imports of diesel-electric locomotives. At the same time, Indonesia (+30.5%), Vietnam (+9.6%) and Thailand (+8.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +30.5% from 2012-2021. By contrast, Malaysia (-3.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia and Vietnam increased by +8.2 and +3.2 percentage points, respectively. Malaysia (-2 p.p.) and Myanmar (-9.8 p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported diesel-electric locomotives in South-Eastern Asia, comprising 92% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 2.7% share of total imports. It was followed by Vietnam, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia stood at +56.5%. In the other countries, the average annual rates were as follows: Myanmar (+0.2% per year) and Vietnam (-9.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, picking up by 34% against the previous year. Overall, the import price saw significant growth. The growth pace was the most rapid in 2013 when the import price increased by 1,345%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+24.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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