ASEAN: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in ASEAN

After two years of decline, the ASEAN railway goods wagon market increased by X% to $X in 2022. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Railway Goods Wagon Production in ASEAN

In value terms, railway goods wagon production contracted modestly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Railway Goods Wagon Exports

Exports in ASEAN

In 2022, exports of railway or tramway goods vans and wagons (not self-propelled) in ASEAN reduced sharply to X units, shrinking by X% compared with the previous year. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, railway goods wagon exports dropped markedly to $X in 2022. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Vietnam (X units), Singapore (X units), Thailand (X units), Malaysia (X units) and Cambodia (X units) represented the largest exporter of railway or tramway goods vans and wagons (not self-propelled) in ASEAN, making up X% of total export. It was distantly followed by Indonesia (X units), comprising a X% share of total exports. The Philippines (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest railway goods wagon supplying countries in ASEAN were Singapore ($X), Indonesia ($X) and Cambodia ($X), together accounting for X% of total exports. Malaysia, Vietnam, Thailand and the Philippines lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Railway Goods Wagon Imports

Imports in ASEAN

In 2022, the amount of railway or tramway goods vans and wagons (not self-propelled) imported in ASEAN surged to X units, rising by X% against the previous year. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, railway goods wagon imports skyrocketed to $X in 2022. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X units) and Singapore (X units) represented roughly X% of total imports in 2022. Myanmar (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), Cambodia (X%) and the Philippines (X%). Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported railway or tramway goods vans and wagons (not self-propelled) in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

In Indonesia, railway goods wagon imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 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 Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform