Southern Asia: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Southern Asia

The South Asian diesel-electric and other locomotive market surged to $X in 2022, increasing by 24% against the previous year. Over the period under review, consumption, however, continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Diesel-Electric and Other Locomotives in Southern Asia

In value terms, diesel-electric and other locomotive production declined to $X in 2022 estimated in export price. Overall, production, however, showed a deep slump. The growth pace was the most rapid in 2015 when the production volume increased by 54% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports in Southern Asia

Diesel-electric and other locomotive exports reduced remarkably to X units in 2022, shrinking by -51.4% compared with the previous year. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 569%. 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, diesel-electric and other locomotive exports reduced dramatically to $X in 2022. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 812% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the diesel-electric and other locomotives exports, with a CAGR of -18.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest diesel-electric and other locomotive supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled -16.7%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, falling by -45.2% against the previous year. Overall, the export price, however, posted a measured expansion. The most prominent rate of growth was recorded in 2013 an increase of 596% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.6% per year.

Imports of Diesel-Electric and Other Locomotives

Imports in Southern Asia

In 2022, approx. X units of diesel-electric and other locomotives were imported in Southern Asia; picking up by 20% compared with the previous year. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 798% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diesel-electric and other locomotive imports reduced dramatically to $X in 2022. Over the period under review, imports recorded a noticeable increase. The pace of growth appeared the most rapid in 2016 with an increase of 141% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bangladesh (X units) represented the largest importer of diesel-electric and other locomotives, constituting 69% of total imports. It was distantly followed by Sri Lanka (X units) and India (X units), together comprising a 28% share of total imports. Nepal (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diesel-electric and other locomotive imports into Bangladesh stood at +17.5%. At the same time, Sri Lanka (+19.4%) and Nepal (+14.9%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +19.4% from 2012-2022. By contrast, India (-5.8%) illustrated a downward trend over the same period. While the share of Bangladesh (+31 p.p.) and Sri Lanka (+10 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-34.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), Sri Lanka ($X) and India ($X) were the countries with the highest levels of imports in 2022, together accounting for 100% of total imports.

Sri Lanka, with a CAGR of +20.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, which is down by -33.9% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2016 when the import price increased by 721%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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