Republic of Korea - Self-Propelled Railway Or Tramway Coaches, Vans And Trucks - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 18, 2024

Republic of Korea - Self-Propelled Railway Or Tramway Coaches, Vans And Trucks - Market Analysis, Forecast, Size, Trends And Insights

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Self-Propelled Railway Coach Price in South Korea - 2022

Contents:

  1. Self-Propelled Railway Coach Price in South Korea (FOB) - 2022
  2. Self-Propelled Railway Coach Price in South Korea (CIF) - 2022
  3. Self-Propelled Railway Coach Exports in South Korea
  4. Self-Propelled Railway Coach Imports in South Korea

Self-Propelled Railway Coach Price in South Korea (FOB) - 2022

The average self-propelled railway coach export price stood at $1.3M per unit in December 2022, surging by 2.8% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 17% month-to-month. As a result, the export price attained the peak level of $1.5M per unit. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Ireland ($2.2M per unit), while the average price for exports to Australia ($1.0M per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Railway Coach Price in South Korea (CIF) - 2022

The average self-propelled railway coach import price stood at $50 per unit in 2022, stabilizing at the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 an increase of 69%. Over the period under review, average import prices reached the maximum at $73 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($53 per unit), while the price for the United States ($34 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced a decline.

Self-Propelled Railway Coach Exports in South Korea

In 2022, approx. 16M units of railway or tramway coaches (self-propelled) were exported from South Korea; with an increase of 22% against 2021 figures. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 81%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, self-propelled railway coach exports contracted to $376M in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 88% against the previous year. The exports peaked at $398M in 2021, and then declined in the following year.

Export of Self-Propelled Railway Coach in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia14.279.371.793.887.6%
Hong Kong SAR6.818.368.189.1135.8%
Egypt19.432.758.776.858.2%
Tunisia39.127.621.828.6-9.9%
India32.841.719.625.8-7.7%
New Zealand21.631.115.722.00.6%
Turkey24.931.614.017.3-11.4%
KazakhstanN/A47.1N/AN/A0%
Taiwan (Chinese)N/A19.972.1N/A262.3%
Others29.124.756.722.8-7.8%
Total18835439837626.0%

Top Export Markets for Self-Propelled Railway Coach from South Korea in 2022:

  1. Australia (4.5M units)
  2. Egypt (3.1M units)
  3. Hong Kong SAR (2.2M units)
  4. Turkey (1.5M units)
  5. Tunisia (1.2M units)
  6. India (1.1M units)
  7. New Zealand (1.0M units)

Self-Propelled Railway Coach Imports in South Korea

Self-propelled railway coach imports into South Korea skyrocketed to 27K units in 2022, increasing by 125% compared with 2021 figures. In general, imports, however, showed a deep downturn. Imports peaked at 43K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, self-propelled railway coach imports surged to $1.4M in 2022. Over the period under review, imports, however, showed a drastic downturn. Over the period under review, imports attained the maximum at $2.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Self-Propelled Railway Coach in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan2,2012,0305421,036-22.2%
TurkeyN/AN/AN/A2460%
United States12611766.695.9-8.7%
Others35.9N/AN/AN/A0%
Total2,3642,1476091,378-16.5%

Top Suppliers of Self-Propelled Railway Coach to South Korea in 2022:

  1. Japan (19.6K units)
  2. Turkey (5.1K units)
  3. United States (2.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the self-propelled railway coach market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 30202000 - Self-propelled railway or tramway coaches, vans and trucks, e xcept maintenance or service vehicles

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Railway Or Tramway Coaches (Self-Propelled) - South Korea