U.S.: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in the U.S.

The U.S. diesel-electric and other locomotive market rose remarkably to $X in 2022, growing by 7.9% against the previous year. Over the period under review, consumption saw a remarkable increase. Diesel-electric and other locomotive consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Diesel-Electric and Other Locomotives in the U.S.

In value terms, diesel-electric and other locomotive production expanded slightly to $X in 2022. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Diesel-Electric and Other Locomotives

Exports from the U.S.

In 2022, approx. X units of diesel-electric and other locomotives were exported from the United States; increasing by 18% against 2021 figures. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 29%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, diesel-electric and other locomotive exports soared to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for diesel-electric and other locomotive exports from the United States, with a 35% share of total exports. Moreover, diesel-electric and other locomotive exports to Canada exceeded the volume sent to the second major destination, Brazil (X units), twofold. Australia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-5.7% per year) and Australia (-12.7% per year).

In value terms, the largest markets for diesel-electric and other locomotive exported from the United States were the United Arab Emirates ($X), Australia ($X) and Canada ($X), together comprising 61% of total exports. Brazil, Chile, Mexico and Pakistan lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Chile, with a CAGR of +58.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diesel-electric and other locomotive export price stood at $X per unit in 2022, surging by 11% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Pakistan ($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 Chile (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel-Electric and Other Locomotives

Imports into the U.S.

Diesel-electric and other locomotive imports into the United States soared to X units in 2022, rising by 191% on the year before. Overall, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 1,100% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, diesel-electric and other locomotive imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 1,649%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) was the main supplier of diesel-electric and other locomotive to the United States, with a 92% share of total imports. Moreover, diesel-electric and other locomotive imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.8% per year) and Canada (-6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of diesel-electric and other locomotives to the United States, comprising 98% of total imports. The second position in the ranking was held by Italy ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+59.0% per year) and Canada (+5.3% per year).

Import Prices by Country

In 2022, the average diesel-electric and other locomotive import price amounted to $X per unit, with an increase of 31% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 366% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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