Asia: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in Asia

In 2023, the Asian 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% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Self-Propelled Railway Coach Production in Asia

In value terms, self-propelled railway coach production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Self-Propelled Railway Coach Exports

Exports in Asia

In 2023, shipments abroad of railway or tramway coaches (self-propelled) decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2022, and then declined modestly in the following year.

In value terms, self-propelled railway coach exports dropped rapidly to $X in 2023. Total exports indicated a moderate increase 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 growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then reduced markedly in the following year.

Exports by Country

China represented the major exporting country with an export of around X units, which reached X% of total exports. South Korea (X units) ranks second in terms of the total exports with a X% share, followed by Japan (X%). India (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled railway coach supplying countries in Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total exports. These countries were followed by India, which accounted for a further X%.

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

Export Prices by Country

The export price in Asia stood at $X,284 per unit in 2023, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X,259 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

After seven years of growth, purchases abroad of railway or tramway coaches (self-propelled) decreased by X% to X units in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2022, and then shrank remarkably in the following year.

In value terms, self-propelled railway coach imports dropped dramatically to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Taiwan (Chinese) (X units), distantly followed by Singapore (X units), Indonesia (X units), Hong Kong SAR (X units), Iran (X units), Lao People's Democratic Republic (X units) and Israel (X units) were the largest importers of railway or tramway coaches (self-propelled), together constituting X% of total imports. Bangladesh (X units), the United Arab Emirates (X units), Azerbaijan (X units), Kazakhstan (X units), Vietnam (X units) and Thailand (X units) followed a long way behind the leaders.

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

In value terms, the largest self-propelled railway coach importing markets in Asia were Taiwan (Chinese) ($X), Indonesia ($X) and Iran ($X), together accounting for X% of total imports. Singapore, Israel, Hong Kong SAR, Bangladesh, Kazakhstan, the United Arab Emirates, Azerbaijan, Vietnam, Thailand and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Thailand, with a CAGR of X%, recorded 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

The import price in Asia stood at $X,431 per unit in 2023, waning by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X,948 per unit. From 2019 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X,688 per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform