Eastern Asia: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Eastern Asia

In 2022, the East Asian railway goods wagon market decreased by X% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Railway Goods Wagon Production in Eastern Asia

In value terms, railway goods wagon production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Railway Goods Wagon Exports

Exports in Eastern Asia

In 2022, shipments abroad of railway or tramway goods vans and wagons (not self-propelled) increased by X% to X units, rising for the third year in a row after seven years of decline. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, railway goods wagon exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) represented the main exporter of railway or tramway goods vans and wagons (not self-propelled) in Eastern Asia, constituting X% of total export.

China was also the fastest-growing in terms of the railway or tramway goods vans and wagons (not self-propelled) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest railway goods wagon supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Railway Goods Wagon Imports

Imports in Eastern Asia

In 2022, supplies from abroad of railway or tramway goods vans and wagons (not self-propelled) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, railway goods wagon imports reduced notably to $X in 2022. In general, imports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X units), distantly followed by China (X units), Democratic People's Republic of Korea (X units) and South Korea (X units) were the largest importers of railway or tramway goods vans and wagons (not self-propelled), together comprising X% of total imports. Japan (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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