EU: Electric Rail Locomotive Market 2024

Electric Rail Locomotive Market Size in the EU

The EU electric rail locomotive market dropped rapidly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Electric Rail Locomotive Production in the EU

In value terms, electric rail locomotive production totaled $X in 2023 estimated in export price. In general, production showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Electric Rail Locomotive Exports

Exports in the EU

In 2023, electric rail locomotive exports in the European Union amounted to X tons, surging by X% compared with 2022. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, electric rail locomotive exports rose to $X in 2023. Total exports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Germany was the key exporter of electric rail locomotives in the European Union, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. France (X tons) ranks second in terms of the total exports with an X% share, followed by Austria (X%) and Spain (X%). Poland (X tons), Romania (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of electric rail locomotives. At the same time, Spain (X%), France (X%), Poland (X%), Austria (X%), Romania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. France (X p.p.), Austria (X p.p.), Spain (X p.p.), Poland (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electric rail locomotive supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by France, with a X% share.

In Germany, electric rail locomotive exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Spain (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, remaining constant against the previous year. In general, the export price, however, saw a pronounced reduction. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Electric Rail Locomotive Imports

Imports in the EU

In 2023, the amount of electric rail locomotives imported in the European Union skyrocketed to X tons, rising by X% against the previous year's figure. Overall, imports, however, saw a mild shrinkage. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, electric rail locomotive imports surged to $X in 2023. In general, imports enjoyed a perceptible increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

Belgium was the main importer of electric rail locomotives in the European Union, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Estonia (X tons) held the second position in the ranking, followed by Sweden (X tons), Spain (X tons) and Bulgaria (X tons). All these countries together held near X% share of total imports. The Czech Republic (X tons), Poland (X tons), Austria (X tons), Finland (X tons), Ireland (X tons) and Germany (X tons) followed a long way behind the leaders.

Imports into Belgium decreased at an average annual rate of X% from 2012 to 2023. At the same time, Ireland (X%), Estonia (X%), Spain (X%), the Czech Republic (X%), Bulgaria (X%), Austria (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Poland (X%), Germany (X%) and Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Estonia, Spain, Sweden, Bulgaria, the Czech Republic, Finland, Ireland and Austria increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric rail locomotive importing markets in the European Union were Sweden ($X), Belgium ($X) and Spain ($X), with a combined X% share of total imports. Poland, Finland, the Czech Republic, Austria, Ireland, Bulgaria, Germany and Estonia lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, picking up by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electric rail locomotive import price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, 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 Sweden ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform