Electric Locomotive Market Overview in Norway
In value terms, electric locomotive production shrank slightly to $ in 2019 estimated in export prices. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The revenue of the electric locomotive market in Norway totaled $ in 2018, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a dramatic setback. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to 2018, consumption remained at a lower figure.