The forecast for the import of externally electrically powered rail locomotives to the UK shows a gradual decline from 277.13 thousand kilograms in 2024 to 265.91 thousand kilograms in 2028. In 2023, imports stood at 280 thousand kilograms. This represents a year-on-year decrease of approximately 1% from 2023 to 2024, continuing through to 2028. The compound annual growth rate (CAGR), reflecting the average annual import reduction, is about -0.8% over the five-year period.
Looking forward, the following trends should be monitored:
- Technological advancements in rail transport that may impact locomotive specifications and sourcing needs.
- Policy changes regarding sustainable transportation and their influence on electric locomotive imports.
- Fluctuations in foreign exchange rates that could affect import costs and volumes.
