Report Update Feb 1, 2025

Spain - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights

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Spain: Electric Locomotive Market 2025

Electric Locomotive Market Size in Spain

After two years of growth, the Spanish electric locomotive market decreased by -4.7% to $X in 2021. Overall, consumption, however, enjoyed a temperate expansion. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electric Locomotive Production in Spain

In value terms, electric locomotive production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, recorded 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. Electric locomotive production peaked at $X in 2020, and then contracted in the following year.

Electric Locomotive Exports

Exports from Spain

In 2021, after two years of decline, there was significant growth in overseas shipments of electric locomotives, when their volume increased by 66% to X units. Overall, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 6,775% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, electric locomotive exports surged to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 25,057% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for electric locomotive exports from Spain, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +60.2%.

In value terms, the UK ($X) emerged as the key foreign market for electric locomotives exports from Spain.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +163.0%.

Export Prices by Country

In 2021, the average electric locomotive export price amounted to $X per unit, rising by 842% against the previous year. Overall, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +64.1% per year.

Electric Locomotive Imports

Imports into Spain

After five years of growth, overseas purchases of electric locomotives decreased by -55.1% to X units in 2021. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2013 when imports increased by 938%. Over the period under review, imports attained the maximum at X units in 2020, and then dropped sharply in the following year.

In value terms, electric locomotive imports shrank markedly to $X in 2021. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,311%. Over the period under review, imports attained the peak figure at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

In 2021, Italy (X units) constituted the largest electric locomotive supplier to Spain, accounting for a 52% share of total imports. Moreover, electric locomotive imports from Italy exceeded the figures recorded by the second-largest supplier, Romania (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +525.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+350.0% per year) and the Netherlands (-43.3% per year).

In value terms, the largest electric locomotive suppliers to Spain were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 50% share of total imports. These countries were followed by France, Lithuania, Romania, the Czech Republic, Taiwan (Chinese) and Switzerland, which together accounted for a further 22%.

Romania, with a CAGR of +447.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric locomotive import price amounted to $X per unit, waning by -46.1% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 374%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+206.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric locomotives in the world?

The country with the largest volume of electric locomotive consumption was India, accounting for 30% of total volume. Moreover, electric locomotive consumption in India exceeded the figures recorded by the second-largest consumer, Japan, fourfold. Saudi Arabia ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of electric locomotives in the world?

India remains the largest electric locomotive producing country worldwide, comprising approx. 35% of total volume. Moreover, electric locomotive production in India exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by Japan, with an 8.3% share.

What are the leading suppliers of electric locomotives to Spain?

In value terms, the largest electric locomotive importing markets into Spain were Ireland, Uzbekistan and Azerbaijan, with a combined 24% share of total imports.

What are the leading importers of electric locomotives from Spain?

In value terms, Germany remains the largest electric locomotive supplier from Spain, comprising 37% of global exports. The second position in the ranking was occupied by France, with an 11% share of global exports. It was followed by South Korea, with a 3.4% share.

What is the average export price for electric locomotives in Spain?

In 2021, the electric locomotive export price in Spain amounted to $40,140 per unit, surging by 20% against the previous year.

What is the average import price for electric locomotives in Spain?

The electric locomotive import price in Spain stood at $689 per unit in 2021, waning by -67.4% against the previous year.

This report provides an in-depth analysis of the electric locomotive market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30201100 - Rail locomotives powered from an external source of electricity
Prodcom 30201300 - Other rail locomotives, locomotive tenders

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024