Middle East: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in the Middle East

The Middle Eastern self-propelled railway coach market expanded modestly to $X in 2023, increasing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Self-Propelled Railway Coach Production in the Middle East

In value terms, self-propelled railway coach production stood at $X in 2023 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Self-Propelled Railway Coach Exports

Exports in the Middle East

In 2023, after two years of growth, there was significant decline in shipments abroad of railway or tramway coaches (self-propelled), when their volume decreased by X% to X units. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, self-propelled railway coach exports stood at $X in 2023. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by Saudi Arabia (X units) and the United Arab Emirates (X units), together constituting a X% share of total exports. The following exporters - Israel (X units) and Lebanon (X units) - each resulted at a X% share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2023. The United Arab Emirates, Israel, Saudi Arabia and Lebanon experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.), Saudi Arabia (X p.p.), Lebanon (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest self-propelled railway coach supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X,450 per unit, increasing by X% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X,345 per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Self-Propelled Railway Coach Imports

Imports in the Middle East

In 2023, supplies from abroad of railway or tramway coaches (self-propelled) decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, self-propelled railway coach imports shrank to $X in 2023. In general, imports showed a pronounced slump. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Iran (X units) and Israel (X units) represented the key importers of railway or tramway coaches (self-propelled) in 2023, accounting for near X% and X% of total imports, respectively. The United Arab Emirates (X units) took the next position in the ranking, followed by Turkey (X units). All these countries together held near X% share of total imports. Qatar (X units) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled railway coach importing markets in the Middle East were Iran ($X), Israel ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

Among the main importing countries, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X,745 per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price showed a perceptible increase. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X,000 per unit. From 2019 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X,688 per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform