Southern Asia: Diesel-Electric Locomotive Market 2022

Diesel-Electric Locomotive Market Size in Southern Asia

In 2021, the South Asian diesel-electric locomotive market decreased by -10.1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Diesel-Electric Locomotive Production in Southern Asia

In value terms, diesel-electric locomotive production amounted to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 67%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Diesel-Electric Locomotive Exports

Exports in Southern Asia

In 2021, overseas shipments of diesel-electric locomotives decreased by 0% to X units, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 92% against the previous year. As a result, the exports reached 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 soared to $X in 2021. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 6,841%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of 3.6% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -2.8% per year.

Diesel-Electric Locomotive Imports

Imports in Southern Asia

In 2021, after two years of growth, there was significant decline in supplies from abroad of diesel-electric locomotives, when their volume decreased by -42.6% to X units. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 338%. Over the period under review, imports hit record highs at X units in 2020, and then shrank markedly in the following year.

In value terms, diesel-electric locomotive imports declined significantly to $X in 2021. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 122%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Sri Lanka (X units) and Pakistan (X units) represented roughly 86% of total imports in 2021. Sri Lanka (X units) took the next position in the ranking, distantly followed by Bangladesh (X units) and India (X units). All these countries together held approx. 99% share of total imports. Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2021, diesel-electric locomotive imports into expanded with a Sri Lanka of +25.1%, while Pakistan (-40.6%) experienced a sharp slump unchanged over the same period. At the same time, Sri Lanka (+25.1%) and India (+5.4%) displayed positive paces of growth. By contrast, Bangladesh (-10.0%) illustrated a downward trend over the same period. While the share of Sri Lanka (+73 p.p.) and India (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-7.2 p.p.) and Pakistan (-69.7 p.p.) displayed negative dynamics.

In value terms, the largest diesel-electric locomotive importing markets in Southern Asia were India ($X), Sri Lanka ($X) and Bangladesh ($X), with a combined 100% share of total imports.

Among the main importing countries, India, with a CAGR of +21.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, increasing by 9.3% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth appeared the most rapid in 2014 an increase of 108%. The level of import peaked at $X per unit in 2017; however, from 2018 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 India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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