Electric Locomotive Market Overview in Saudi Arabia
In value terms, electric locomotive production reached $ in 2019 estimated in export prices. In general, the total production indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2007 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level in 2019 and is likely to see gradual growth in the near future.
The value of the electric locomotive market in Saudi Arabia totaled $ in 2019, approximately mirroring 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). In general, consumption recorded a prominent expansion. The pace of growth appeared the most rapid in 2009 with an increase of % against the previous year. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.