South-Eastern Asia: Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size in South-Eastern Asia

In 2022, the Southeast Asian electric rail locomotive market decreased by -3% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption continues to indicate a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Electric Rail Locomotive Production in South-Eastern Asia

In value terms, electric rail locomotive production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 4,349% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Electric Rail Locomotive Exports

Exports in South-Eastern Asia

Electric rail locomotive exports declined markedly to X units in 2022, dropping by -58.3% on the previous year's figure. In general, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 200%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electric rail locomotive exports dropped to $X in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when exports increased by 1,429%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Indonesia (X units) and Malaysia (X units) represented the key exporters of electric rail locomotives in South-Eastern Asia, together finishing at near 70% of total exports. It was distantly followed by Singapore (X units), comprising a 30% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +11.6%), while the other leaders experienced a decline in the exports figures.

In value terms, Malaysia ($X) remains the largest electric rail locomotive supplier in South-Eastern Asia, comprising 63% of total exports. The second position in the ranking was held by Indonesia ($X), with a 28% share of total exports.

In Malaysia, electric rail locomotive exports increased at an average annual rate of +12.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-25.2% per year) and Singapore (-21.1% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by 123% against the previous year. Over the period under review, the export price saw a significant expansion. The growth pace was the most rapid in 2019 an increase of 1,012% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.0%), while the other leaders experienced more modest paces of growth.

Electric Rail Locomotive Imports

Imports in South-Eastern Asia

In 2022, approx. X units of electric rail locomotives were imported in South-Eastern Asia; dropping by -16.8% against the previous year. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 198%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electric rail locomotive imports declined sharply to $X in 2022. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 413% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) was the key importer of electric rail locomotives, mixing up 58% of total imports. Vietnam (X units) ranks second in terms of the total imports with a 30% share, followed by Singapore (11%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +49.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported electric rail locomotives in South-Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by Singapore ($X), with a 23% share of total imports.

In Indonesia, electric rail locomotive imports increased at an average annual rate of +12.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+22.4% per year) and Vietnam (+38.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, waning by -6.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 93% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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