Asia-Pacific: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in Asia-Pacific

In 2023, the Asia-Pacific self-propelled railway coach market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Self-Propelled Railway Coach Production in Asia-Pacific

In value terms, self-propelled railway coach production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Self-Propelled Railway Coach Exports

Exports in Asia-Pacific

After three years of growth, overseas shipments of railway or tramway coaches (self-propelled) decreased by X% to X units in 2023. Overall, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2022, and then fell in the following year.

In value terms, self-propelled railway coach exports dropped remarkably to $X in 2023. Total exports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2022, and then declined significantly in the following year.

Exports by Country

China was the main exporter of railway or tramway coaches (self-propelled) in Asia-Pacific, with the volume of exports recording X units, which was approx. X% of total exports in 2023. It was distantly followed by South Korea (X units) and Japan (X units), together mixing up a X% share of total exports. India (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. These countries were followed by India, which accounted for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X,912 per unit, waning by X% against the previous year. In general, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X,332 per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X,184 per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Railway Coach Imports

Imports in Asia-Pacific

After five years of growth, supplies from abroad of railway or tramway coaches (self-propelled) decreased by X% to X units in 2023. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then shrank dramatically in the following year.

In value terms, self-propelled railway coach imports dropped sharply to $X in 2023. Overall, imports saw a slight shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell dramatically in the following year.

Imports by Country

In 2023, Taiwan (Chinese) (X units), Australia (X units), Singapore (X units), Indonesia (X units), Hong Kong SAR (X units) and Lao People's Democratic Republic (X units) was the largest importer of railway or tramway coaches (self-propelled) in Asia-Pacific, making up X% of total import. Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled railway coach importing markets in Asia-Pacific were Australia ($X), Taiwan (Chinese) ($X) and Indonesia ($X), with a combined X% share of total imports. Singapore, Hong Kong SAR, Bangladesh and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X,426 per unit, waning by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X,900 per unit. From 2022 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X,380 per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform