EU: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in the EU

In 2022, after two years of growth, there was significant decline in the EU railway passenger coach market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate slight growth. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Railway Passenger Coach Production in the EU

In value terms, railway passenger coach production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Railway Passenger Coach Exports

Exports in the EU

In 2022, overseas shipments of railway or tramway passenger coaches (not self-propelled) decreased by X% to X units, falling for the third year in a row after four years of growth. Over the period under review, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, railway passenger coach exports contracted sharply to $X in 2022. Overall, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Hungary (X units) represented the major exporter of railway or tramway passenger coaches (not self-propelled), committing X% of total exports. France (X units) took the second position in the ranking, followed by Germany (X units), the Czech Republic (X units) and Poland (X units). All these countries together held approx. X% share of total exports. The following exporters - Sweden (X units) and Spain (X units) - each accounted for an X% share of total exports.

Hungary was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) exports, with a CAGR of X% from 2012 to 2022. At the same time, Sweden (X%), France (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. By contrast, Spain (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.), France (X p.p.), the Czech Republic (X p.p.), Poland (X p.p.) and Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Spain (X p.p.) and Germany (X p.p.) displayed negative dynamics.

In value terms, France ($X), Germany ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, France, 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 the European Union stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, showed a drastic downturn. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X,785 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X,956 per unit), while Sweden ($X per unit) was amongst the lowest.

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

Railway Passenger Coach Imports

Imports in the EU

In 2022, purchases abroad of railway or tramway passenger coaches (not self-propelled) increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, railway passenger coach imports declined remarkably to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, France (X units) represented the key importer of railway or tramway passenger coaches (not self-propelled), constituting X% of total imports. Croatia (X units) ranks second in terms of the total imports with a X% share, followed by Spain (X%), Germany (X%), Hungary (X%), Belgium (X%) and Poland (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest railway passenger coach importing markets in the European Union were Spain ($X), Hungary ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main importing countries, Hungary, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Hungary ($X per unit), while Croatia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform