Price for Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States - 2023
Contents:
- Price for Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States (FOB) - 2023
- Price for Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States (CIF) - 2022
- Exports of Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States
- Imports of Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States
Price for Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States (FOB) - 2023
In December 2023, the average export price for rail locomotives and locomotive tenders; other than diesel-electric powereds amounted to $175K per unit, picking up by 264% against the previous month. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in September 2023 an increase of 721% against the previous month. Over the period under review, the average export prices hit record highs in December 2023.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Mexico ($409K per unit), while the average price for exports to Canada amounted to $57,711 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+138.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States (CIF) - 2022
In 2022, the average import price for rail locomotives and locomotive tenders; other than diesel-electric powereds amounted to $353,516 per unit, shrinking by -2.1% against the previous year. Overall, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 88%. As a result, import price attained the peak level of $464,023 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +221.7% per year.
Exports of Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States
In 2022, the amount of rail locomotives and locomotive tenders; other than diesel-electric powereds exported from the United States soared to 136 units, with an increase of 152% against the previous year's figure. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of rail locomotives and locomotive tenders; other than diesel-electric powereds soared to $8.4M in 2022. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.0 | 0.2 | 1.5 | 6.8 | 19.3% |
| Mexico | 0.8 | 1.2 | 1.3 | 0.8 | 0.0% |
| Pakistan | N/A | N/A | N/A | 0.5 | 0% |
| Russia | N/A | 5.0 | N/A | N/A | 0% |
| Gabon | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.9 | 0.6 | 0.3 | 0.4 | -23.7% |
| Total | 5.6 | 7.0 | 3.2 | 8.4 | 14.5% |
Top Export Markets for Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered from the United States in 2022:
- Canada (74.0 units)
- Pakistan (18.0 units)
- Mexico (12.0 units)
Imports of Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States
In 2022, the amount of rail locomotives and locomotive tenders; other than diesel-electric powereds imported into the United States reduced sharply to 6 units, waning by -45.5% against 2021. In general, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 175% against the previous year. Over the period under review, imports of hit record highs at 12 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of rail locomotives and locomotive tenders; other than diesel-electric powereds declined remarkably to $2.1M in 2022. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 114%. As a result, imports reached the peak of $4M, and then contracted markedly in the following year.
| Import of Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.9 | 1.9 | 4.0 | 2.1 | -10.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.9 | 1.9 | 4.0 | 2.1 | -10.2% |
Top Suppliers of Rail Locomotives and Locomotive Tenders; Other than Diesel-Electric Powered to the United States in 2022:
- Italy (6.0 units)
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