Southern Asia: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Southern Asia

In 2022, after four years of growth, there was significant decline in the South Asian railway passenger coach market, when its value decreased by X% to $X. In general, consumption, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Railway Passenger Coach Production in Southern Asia

In value terms, railway passenger coach production amounted to $X in 2022 estimated in export price. In general, production, however, showed a deep slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Railway Passenger Coach Exports

Exports in Southern Asia

After two years of decline, overseas shipments of railway or tramway passenger coaches (not self-propelled) decreased by X% to X units in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, railway passenger coach exports dropped dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of railway or tramway passenger coaches (not self-propelled), namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) exports, with a CAGR of X% from 2013 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest railway passenger coach supplier in Southern Asia.

In India, railway passenger coach exports expanded at an average annual rate of X% over the period from 2013-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of export peaked at $X,118 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2013 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Railway Passenger Coach Imports

Imports in Southern Asia

In 2022, the amount of railway or tramway passenger coaches (not self-propelled) imported in Southern Asia reduced remarkably to X units, falling by X% on the previous year's figure. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, railway passenger coach imports fell notably to $X in 2022. In general, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Bangladesh (X units) and Pakistan (X units) were the key importers of railway or tramway passenger coaches (not self-propelled) in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Sri Lanka (X units), achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest railway passenger coach importing markets in Southern Asia were Pakistan ($X), Bangladesh ($X) and Sri Lanka ($X), with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh, 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 a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 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 Sri Lanka ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform