Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea - 2022

Contents:

1. Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea (CIF) - 2022
2. Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea (FOB) - 2022
3. Imports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea
4. Exports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea

Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea (CIF) - 2022

In 2022, the average import price for railway or tramway goods vans and wagons; covered and closed, not self-propelleds amounted to $7,733 per unit, increasing by 101% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 304%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +13.8% per year.

Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea (FOB) - 2022

The average export price for railway or tramway goods vans and wagons; covered and closed, not self-propelleds stood at $1,885 per unit in 2022, which is down by -20% against the previous year. In general, the export price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 76% against the previous year. The export price peaked at $50,850 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($3,722 per unit), while the average price for exports to Bahrain amounted to $47 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+38.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea

In 2022, supplies from abroad of railway or tramway goods vans and wagons; covered and closed, not self-propelleds decreased by -50% to 1 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. As a result, imports attained the peak of 2 units, and then contracted remarkably in the following year.

In value terms, imports of railway or tramway goods vans and wagons; covered and closed, not self-propelleds totaled $7.7K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 103%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled to South Korea in 2022:

1. United States (1.0 units)

Exports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in South Korea

In 2022, shipments abroad of railway or tramway goods vans and wagons; covered and closed, not self-propelleds decreased by 0% to 2 units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 200%. As a result, the exports reached the peak of 3 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of railway or tramway goods vans and wagons; covered and closed, not self-propelleds fell dramatically to $3.8K in 2022. In general, exports continue to indicate a precipitous slump. The smallest decline of -20% was in 2021. Over the period under review, the exports of attained the maximum at $7.4K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled from South Korea in 2022:

1. Bahrain (1.0 units)
2. Vietnam (1.0 units)

Source: IndexBox Market Intelligence Platform