South-Eastern Asia: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in South-Eastern Asia

In 2022, the Southeast Asian railway passenger coach market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Railway Passenger Coach Production in South-Eastern Asia

In value terms, railway passenger coach production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Railway Passenger Coach Exports

Exports in South-Eastern Asia

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 three years of decline. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, railway passenger coach exports skyrocketed to $X in 2022. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Singapore (X units), mixing up a X% share of total exports. Myanmar (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Myanmar ($X) remains the largest railway passenger coach supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Myanmar totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, falling by X% against the previous year. In general, the export price saw a abrupt contraction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Railway Passenger Coach Imports

Imports in South-Eastern Asia

In 2022, imports of railway or tramway passenger coaches (not self-propelled) in South-Eastern Asia skyrocketed to X units, rising by X% against 2021 figures. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, railway passenger coach imports dropped to $X in 2022. In general, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines was the largest importer of railway or tramway passenger coaches (not self-propelled) in South-Eastern Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. It was distantly followed by Thailand (X units), comprising a X% share of total imports.

The Philippines 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, Thailand (X%) displayed positive paces of growth. From 2012 to 2022, the share of the Philippines and Thailand increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

In the Philippines, railway passenger coach imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while the Philippines totaled $X per unit.

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

Source: IndexBox Platform