GCC: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in GCC

The GCC railway goods wagon market expanded notably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Railway Goods Wagon Production in GCC

In value terms, railway goods wagon production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Railway Goods Wagon Exports

Exports in GCC

After two years of growth, overseas shipments of railway or tramway goods vans and wagons (not self-propelled) decreased by X% to X units in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped in the following year.

In value terms, railway goods wagon exports dropped remarkably to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Kuwait prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), creating a X% share of total exports. Oman (X units) took a relatively small share of total exports.

Kuwait 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. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. While the share of Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Kuwait ($X) remains the largest railway goods wagon supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Kuwait, railway goods wagon exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then fell slightly in the following year.

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 the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Railway Goods Wagon Imports

Imports in GCC

In 2022, the amount of railway or tramway goods vans and wagons (not self-propelled) imported in GCC soared to X units, surging by X% compared with 2021. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, railway goods wagon imports surged to $X in 2022. Overall, imports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Qatar (X units), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to railway goods wagon imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of Qatar (X p.p.) and the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported railway or tramway goods vans and wagons (not self-propelled) in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports.

In the United Arab Emirates, railway goods wagon imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price faced a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked at $X,658 per unit in 2017; however, from 2018 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 the United Arab Emirates ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :