ASEAN: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in ASEAN

In 2022, the ASEAN railway passenger coach market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Railway Passenger Coach Production in ASEAN

In value terms, railway passenger coach production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Railway Passenger Coach Exports

Exports in ASEAN

In 2022, overseas shipments of railway or tramway passenger coaches (not self-propelled) increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, railway passenger coach exports soared to $X in 2022. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X units), achieving a X% share of total exports. Myanmar (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to railway passenger coach exports from Thailand stood at X%. At the same time, Myanmar (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Myanmar ($X) remains the largest railway passenger coach supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Myanmar amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Railway Passenger Coach Imports

Imports in ASEAN

In 2022, approx. X units of railway or tramway passenger coaches (not self-propelled) were imported in ASEAN; growing by X% on 2021. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, railway passenger coach imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines represented the key importer of railway or tramway passenger coaches (not self-propelled) in ASEAN, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Thailand (X units), generating a X% share of total imports.

The Philippines was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. While the share of the Philippines (X p.p.) and Thailand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Philippines stood at X%.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, falling by X% against the previous year. In general, the import price faced a abrupt setback. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while the Philippines stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%).

Source: IndexBox Platform