Latin America and the Caribbean: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Latin America and the Caribbean

In 2022, the Latin American railway passenger coach market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption saw a mild reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Railway Passenger Coach Production in Latin America and the Caribbean

In value terms, railway passenger coach production stood at $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Railway Passenger Coach Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of railway or tramway passenger coaches (not self-propelled) increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, railway passenger coach exports surged to $X in 2022. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X units) and Chile (X units) were the key exporters of railway or tramway passenger coaches (not self-propelled) in 2022, resulting at near X% and X% of total exports, respectively. It was followed by the Dominican Republic (X units), committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Argentina (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Argentina ($X) emerged as the largest railway passenger coach supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

In Argentina, railway passenger coach exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. In general, the export price posted significant growth. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X,132 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

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

Railway Passenger Coach Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of railway or tramway passenger coaches (not self-propelled) decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, railway passenger coach imports fell dramatically to $X in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Peru (X units) represented the largest importer of railway or tramway passenger coaches (not self-propelled), generating X% of total imports. It was distantly followed by Venezuela (X units), Haiti (X units) and Argentina (X units), together generating a X% share of total imports. The Dominican Republic (X units) and Chile (X units) held a little share of total imports.

Peru was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) imports, with a CAGR of X% from 2012 to 2022. At the same time, Haiti (X%) displayed positive paces of growth. Argentina experienced a relatively flat trend pattern. By contrast, Chile (X%), Venezuela (X%) and the Dominican Republic (X%) illustrated a downward trend over the same period. Peru (X p.p.), Haiti (X p.p.), Argentina (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela and the Dominican Republic saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Argentina ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total imports. It was followed by Haiti, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Argentina totaled X%. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and Haiti (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X 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 importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X,494 per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform