South-Eastern Asia: Electric Locomotive Market 2024

Electric Locomotive Market Size in South-Eastern Asia

In 2021, after three years of growth, there was significant decline in the Southeast Asian electric locomotive market, when its value decreased by -24.6% to $X. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted rapidly in the following year.

Electric Locomotive Production in South-Eastern Asia

In value terms, electric locomotive production reduced to $X in 2021 estimated in export price. Overall, production faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 1,321%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Electric Locomotive Exports

Exports in South-Eastern Asia

In 2021, the amount of electric locomotives exported in South-Eastern Asia skyrocketed to X units, with an increase of 3,150% on 2020. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric locomotive exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 687% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia was the main exporting country with an export of about X units, which amounted to 82% of total exports. It was distantly followed by Singapore (X units), creating a 14% share of total exports. Malaysia (X units) and Thailand (X units) took a relatively small share of total exports.

Indonesia was also the fastest-growing in terms of the electric locomotives exports, with a CAGR of +16.2% from 2012 to 2021. Malaysia and Thailand experienced a relatively flat trend pattern. Singapore (-14.3%) illustrated a downward trend over the same period. Indonesia (+82 p.p.) and Malaysia (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -83.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) emerged as the largest electric locomotive supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total exports. It was followed by Indonesia, with a 13% share.

In Singapore, electric locomotive exports expanded at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+11.9% per year) and Indonesia (-25.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, falling by -92.3% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 235% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+38.7%), while the other leaders experienced mixed trends in the export price figures.

Electric Locomotive Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of electric locomotives decreased by -20.3% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2018 when imports increased by 146% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric locomotive imports shrank remarkably to $X in 2021. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 352%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore represented the main importing country with an import of around X units, which recorded 56% of total imports. Indonesia (X units) ranks second in terms of the total imports with a 37% share, followed by Lao People's Democratic Republic (5.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +67.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported electric locomotives in South-Eastern Asia, comprising 87% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.4% share of total imports.

In Singapore, electric locomotive imports increased at an average annual rate of +25.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+0.5% per year) and Lao People's Democratic Republic (+49.9% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, with a decrease of -1.7% against the previous year. In general, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 an increase of 396%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+18.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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