Eastern Asia: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in Eastern Asia

The East Asian self-propelled railway coach market amounted to $X in 2023, approximately mirroring the previous year. 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 throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Self-Propelled Railway Coach Production in Eastern Asia

In value terms, self-propelled railway coach production rose to $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 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Self-Propelled Railway Coach Exports

Exports in Eastern Asia

In 2023, shipments abroad of railway or tramway coaches (self-propelled) increased by X% to X units, rising for the sixth year in a row after two years of decline. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, self-propelled railway coach exports dropped notably to $X in 2023. Total exports indicated a prominent 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. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of export peaked at $X in 2022, and then reduced markedly in the following year.

Exports by Country

China represented the key exporting country with an export of about X units, which recorded X% of total exports. South Korea (X units) took the second position in the ranking, distantly followed by Japan (X units). All these countries together took near X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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 Eastern Asia amounted to $X,355 per unit, shrinking by X% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X,861 per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat 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 Japan ($X,842 per unit), while China ($X per unit) was amongst the lowest.

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

Self-Propelled Railway Coach Imports

Imports in Eastern Asia

In 2023, after three years of growth, there was significant decline in purchases abroad of railway or tramway coaches (self-propelled), when their volume decreased by X% to X units. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2022, and then reduced in the following year.

In value terms, self-propelled railway coach imports shrank notably to $X in 2023. Over the period under review, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

Taiwan (Chinese) represented the largest importer of railway or tramway coaches (self-propelled) in Eastern Asia, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X units), mixing up a X% share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the railway or tramway coaches (self-propelled) imports, with a CAGR of X% from 2012 to 2023. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. From 2012 to 2023, the share of Taiwan (Chinese) increased by X percentage points.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported railway or tramway coaches (self-propelled) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

In Taiwan (Chinese), self-propelled railway coach imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X,312 per unit, reducing by X% against the previous year. Overall, the import price saw a perceptible decline. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X,082 per unit in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X,052 per unit), while Hong Kong SAR totaled $X,624 per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Source: IndexBox Platform