Eastern Asia: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Eastern Asia

The East Asian railway passenger coach market surged to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Railway Passenger Coach Production in Eastern Asia

In value terms, railway passenger coach production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Railway Passenger Coach Exports

Exports in Eastern Asia

After six years of decline, overseas shipments of railway or tramway passenger coaches (not self-propelled) increased by X% to X units in 2022. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, railway passenger coach exports soared to $X in 2022. Overall, exports, however, recorded a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. Japan (X units) and South Korea (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, South Korea, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices attained the maximum at $X,615 per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Japan ($X,429 per unit), while China ($X per unit) was amongst the lowest.

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

Railway Passenger Coach Imports

Imports in Eastern Asia

In 2022, overseas purchases of railway or tramway passenger coaches (not self-propelled) increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, saw a deep downturn. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, railway passenger coach imports expanded markedly to $X in 2022. In general, imports enjoyed moderate growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Taiwan (Chinese) (X units) represented the key importer of railway or tramway passenger coaches (not self-propelled), making up X% of total imports. It was distantly followed by Hong Kong SAR (X units), generating a X% share of total imports. The following importers - China (X units) and South Korea (X units) - each reached a X% share of total imports.

Taiwan (Chinese) 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. South Korea (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while China and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by China, with less than X% share.

In Taiwan (Chinese), railway passenger coach imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X,533 per unit, picking up by X% against the previous year. In general, the import price posted resilient growth. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X,443 per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform