Hungary: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Hungary

In 2022, after six years of growth, there was significant decline in the Hungarian railway passenger coach market, when its value decreased by X% to $X. Over the period under review, consumption recorded a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Railway Passenger Coach Production in Hungary

In value terms, railway passenger coach production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Railway Passenger Coach Exports

Exports from Hungary

In 2022, overseas shipments of railway or tramway passenger coaches (not self-propelled) decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, railway passenger coach exports shrank dramatically to $X in 2022. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

Germany (X units) was the main destination for railway passenger coach exports from Hungary, accounting for a X% share of total exports. Moreover, railway passenger coach exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), threefold. Poland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Poland (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for railway or tramway passenger coaches (not self-propelled) exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the average railway passenger coach export price amounted to $X per unit, declining by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced a decline.

Railway Passenger Coach Imports

Imports into Hungary

In 2022, purchases abroad of railway or tramway passenger coaches (not self-propelled) increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, railway passenger coach imports surged to $X in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X units) was the main supplier of railway passenger coach to Hungary, accounting for a X% share of total imports. It was followed by Spain (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X.0%.

In value terms, Russia ($X) constituted the largest supplier of railway or tramway passenger coaches (not self-propelled) to Hungary, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to X.9%.

Import Prices by Country

In 2022, the average railway passenger coach import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price posted a significant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X,354 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Spain amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform