Hungary: Railway Goods Wagon Market Overview 2021

Railway Goods Wagon Market Size in Hungary

The Hungarian railway goods wagon market skyrocketed to $X in 2020, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Railway Goods Wagon Production in Hungary

In value terms, railway goods wagon production surged to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a slight shrinkage. Railway goods wagon production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Railway Goods Wagon Exports

Exports from Hungary

After three years of decline, overseas shipments of railway or tramway goods vans and wagons (not self-propelled) increased by X% to X units in 2020. In general, exports, however, recorded a abrupt decrease. Exports peaked at X units in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, railway goods wagon exports surged to $X in 2020. Over the period under review, exports, however, recorded a deep slump. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Austria (X units) was the main destination for railway goods wagon exports from Hungary, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Austria was relatively modest.

In value terms, Austria ($X) also remains the key foreign market for railway goods wagon exports from Hungary.

From 2007 to 2020, the average annual growth rate of value to Austria was relatively modest.

Export Prices by Country

The average railway goods wagon export price stood at $X per unit in 2020, picking up by X% against the previous year. In general, the export price recorded modest growth. The pace of growth was the most pronounced in 2012 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2007 to 2020, the rate of growth in terms of prices for Austria amounted to +X% per year.

Railway Goods Wagon Imports

Imports into Hungary

In 2020, overseas purchases of railway or tramway goods vans and wagons (not self-propelled) decreased by -X% to X units, falling for the second consecutive year after seven years of growth. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, railway goods wagon imports reduced rapidly to $X in 2020. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Germany (X units) and Austria (X units) were the main suppliers of railway goods wagon imports to Hungary.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria.

In value terms, Germany ($X) constituted the largest supplier of railway goods wagon to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Germany amounted to -X%.

Import Prices by Country

The average railway goods wagon import price stood at $X per unit in 2020, growing by X% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per unit), while the price for Austria totaled $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway goods vans and wagons (not self-propelled) in the world?

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Kenya (3.3M units) remains the largest railway goods wagon consuming country worldwide, accounting for 72% of total volume. Moreover, railway goods wagon consumption in Kenya exceeded the figures recorded by the second-largest consumer, the U.S. (805K units), fourfold. Brazil (82K units) ranked third in terms of total consumption with a 1.8% share.

What are the largest producers of railway or tramway goods vans and wagons (not self-propelled) in the world?

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The countries with the highest volumes of railway goods wagon production in 2020 were China (83K units), Brazil (82K units) and Mexico (38K units), together comprising 40% of global production.

What are the leading suppliers of railway or tramway goods vans and wagons (not self-propelled) to Hungary?

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In value terms, Germany ($308K) constituted the largest supplier of railway goods wagon to Hungary, comprising 94% of total imports. The second position in the ranking was occupied by Austria ($21K), with a 6.4% share of total imports.

What are the leading importers of railway or tramway goods vans and wagons (not self-propelled) from Hungary?

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In value terms, Austria ($5.4M) remains the key foreign market for railway goods wagon exports from Hungary.

What is the average export price for railway or tramway goods vans and wagons (not self-propelled) in Hungary?

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The average railway goods wagon export price stood at $37,150 per unit in 2020, jumping by 141% against the previous year.

What is the average import price for railway or tramway goods vans and wagons (not self-propelled) in Hungary?

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The average railway goods wagon import price stood at $74,491 per unit in 2020, picking up by 98% against the previous year.