Hungary: Railway Goods Wagon Market Overview 2020

Railway Goods Wagon Market Size in Hungary

The revenue of the railway goods wagon market in Hungary amounted to $X in 2018, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, the railway goods wagon market reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Railway Goods Wagon Production in Hungary

In value terms, railway goods wagon production totaled $X in 2018 estimated in export prices. Over the period under review, railway goods wagon production continues to indicate a deep drop. The growth pace was the most rapid in 2013 when production volume increased by X% against the previous year. Over the period under review, railway goods wagon production reached its peak figure level at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Railway Goods Wagon Exports

Exports from Hungary

In 2018, approx. X units of railway or tramway goods vans and wagons (not self-propelled) were exported from Hungary; going down by -X% against the previous year. In general, railway goods wagon exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, railway goods wagon exports stood at $X in 2018. Overall, railway goods wagon exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. In that year, railway goods wagon exports attained their peak of $X. From 2014 to 2018, the growth of railway goods wagon exports remained at a lower figure.

Exports by Country

Austria (X units), Slovakia (X units) and Romania (X units) were the main destinations of railway goods wagon exports from Hungary, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Austria, while the other leaders experienced a decline.

In value terms, Austria ($X) remains the key foreign market for railway goods wagon exports from Hungary, comprising X% of total railway goods wagon exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Austria totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Romania (-X% per year).

Export Prices by Country

In 2018, the average railway goods wagon export price amounted to $X per unit, waning by -X% against the previous year. Overall, the railway goods wagon export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced mixed trend patterns.

Railway Goods Wagon Imports

Imports into Hungary

In 2018, approx. X units of railway or tramway goods vans and wagons (not self-propelled) were imported into Hungary; surging by X% against the previous year. In general, railway goods wagon imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Imports peaked at X units in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, railway goods wagon imports stood at $X in 2018. Overall, railway goods wagon imports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

Poland (X units), Slovakia (X units) and Romania (X units) were the main suppliers of railway goods wagon imports to Hungary, together accounting for X% of total imports. These countries were followed by the Czech Republic, Germany, Bulgaria and Spain, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Czech Republic (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest railway goods wagon suppliers to Hungary were Romania ($X), the Czech Republic ($X) and Slovakia ($X), together accounting for X% of total imports. Germany, Poland, Bulgaria and Spain lagged somewhat behind, together comprising a further X (+X% per year) experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average railway goods wagon import price stood at $X per unit in 2018, declining by -X% against the previous year. In general, the railway goods wagon import price, however, continues to indicate temperate growth. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. In that year, the average import prices for railway or tramway goods vans and wagons (not self-propelled) attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the average import prices for railway or tramway goods vans and wagons (not self-propelled) remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Czech Republic ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform