Spain: Market for Diesel-Electric and Other Locomotives 2025

Market Size for Diesel-Electric and Other Locomotives in Spain

In 2022, the Spanish diesel-electric and other locomotive market increased by 101% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Diesel-Electric and Other Locomotives in Spain

In value terms, diesel-electric and other locomotive production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 0.9% against the previous year. Diesel-electric and other locomotive production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Spain

In 2022, exports of diesel-electric and other locomotives from Spain was estimated at X units, growing by 13% compared with 2021 figures. In general, exports posted a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,300%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, diesel-electric and other locomotive exports fell sharply to $X in 2022. Overall, exports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 2,400,942% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Chile (X units) was the main destination for diesel-electric and other locomotive exports from Spain, accounting for a 59% share of total exports. Moreover, diesel-electric and other locomotive exports to Chile exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Finland (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.5% per year) and Finland (+7.2% per year).

In value terms, Germany ($X) remains the key foreign market for diesel-electric and other locomotives exports from Spain, comprising 77% of total exports. The second position in the ranking was taken by Finland ($X), with a 22% share of total exports. It was followed by Chile, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +74.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+122.2% per year) and Chile (0.0% per year).

Export Prices by Country

In 2022, the average diesel-electric and other locomotive export price amounted to $X per unit, waning by -74.9% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 2,400,942%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+107.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel-Electric and Other Locomotives

Imports into Spain

Diesel-electric and other locomotive imports into Spain surged to X units in 2022, picking up by 3,400% on 2021 figures. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diesel-electric and other locomotive imports surged to $X in 2022. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X units) was the main supplier of diesel-electric and other locomotive to Spain, accounting for a 98% share of total imports. It was followed by Italy (X units), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +45.9%.

In value terms, France ($X) constituted the largest supplier of diesel-electric and other locomotives to Spain, comprising 99.9% of total imports. The second position in the ranking was taken by Italy ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +53.8%.

Import Prices by Country

In 2022, the average diesel-electric and other locomotive import price amounted to $X per unit, growing by 589% against the previous year. Overall, the import price, however, recorded a slight contraction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Italy stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.4%).

Source: IndexBox Platform

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