Asia-Pacific: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Asia-Pacific

In 2022, the Asia-Pacific railway goods wagon market decreased by X% to $X, falling for the third consecutive year after three years of growth. 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. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Railway Goods Wagon Production in Asia-Pacific

In value terms, railway goods wagon production shrank slightly to $X in 2022 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Railway Goods Wagon Exports

Exports in Asia-Pacific

In 2022, shipments abroad of railway or tramway goods vans and wagons (not self-propelled) increased by X% to X units, rising for the third year in a row after seven years of decline. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, railway goods wagon exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) represented the main exporter of railway or tramway goods vans and wagons (not self-propelled) in Asia-Pacific, comprising X% of total export.

China was also the fastest-growing in terms of the railway or tramway goods vans and wagons (not self-propelled) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest railway goods wagon supplier in Asia-Pacific.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Railway Goods Wagon Imports

Imports in Asia-Pacific

In 2022, the amount of railway or tramway goods vans and wagons (not self-propelled) imported in Asia-Pacific surged to X units, picking up by X% against 2021. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, railway goods wagon imports soared to $X in 2022. Overall, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the major importer of railway or tramway goods vans and wagons (not self-propelled) in Asia-Pacific, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Pakistan (X units) ranks second in terms of the total imports with a X% share, followed by India (X%), Indonesia (X%), Singapore (X%) and New Zealand (X%). Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to railway goods wagon imports into Australia stood at X%. At the same time, Indonesia (X%), Myanmar (X%), Singapore (X%) and India (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Pakistan (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), India (X p.p.), Singapore (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Australia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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