EU: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in the EU

The EU self-propelled railway coach market soared to $X in 2023, with an increase of X% against the previous year. The total consumption indicated strong 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. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Self-Propelled Railway Coach Production in the EU

In value terms, self-propelled railway coach production contracted modestly 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 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then reduced in the following year.

Self-Propelled Railway Coach Exports

Exports in the EU

In 2023, overseas shipments of railway or tramway coaches (self-propelled) increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled railway coach exports soared to $X in 2023. Over the period under review, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Belgium represented the key exporter of railway or tramway coaches (self-propelled) in the European Union, with the volume of exports finishing at X units, which was approx. X% of total exports in 2023. Slovakia (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%), Poland (X%), the Czech Republic (X%), Germany (X%) and Ireland (X%).

Belgium was also the fastest-growing in terms of the railway or tramway coaches (self-propelled) exports, with a CAGR of X% from 2012 to 2023. At the same time, Ireland (X%), Slovakia (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. By contrast, Spain (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Slovakia and Ireland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Poland ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 the European Union amounted to $X per unit, reducing by X% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X,882 per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Spain ($X,805 per unit), while Ireland ($X per unit) was amongst the lowest.

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

Self-Propelled Railway Coach Imports

Imports in the EU

In 2023, after two years of decline, there was significant growth in purchases abroad of railway or tramway coaches (self-propelled), when their volume increased by X% to X units. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, self-propelled railway coach imports declined to $X in 2023. Overall, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

France was the main importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by Spain (X units), Poland (X units), Sweden (X units), Germany (X units), the Czech Republic (X units), Latvia (X units) and Romania (X units), together mixing up a X% share of total imports.

France 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, Latvia (X%), Spain (X%), Poland (X%), the Czech Republic (X%), Romania (X%) and Germany (X%) displayed positive paces of growth. By contrast, Sweden (X%) illustrated a downward trend over the same period. France (X p.p.), Spain (X p.p.), Poland (X p.p.), Latvia (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Germany and Sweden saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Poland ($X) and Sweden ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The Czech Republic, Latvia, Spain, Romania and France lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2022 when the import price increased by X%. The level of import peaked at $X,636 per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X,319 per unit), while France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform