Asia: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Asia

In 2022, the Asian railway goods wagon market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a moderate expansion 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, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Railway Goods Wagon Production in Asia

In value terms, railway goods wagon production dropped 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 in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Railway Goods Wagon Exports

Exports in Asia

In 2022, the amount of railway or tramway goods vans and wagons (not self-propelled) exported in Asia rose rapidly to X units, growing by X% against the previous year's figure. Overall, exports, however, recorded a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, railway goods wagon exports surged to $X in 2022. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Turkey (X units), generating a X% share of total exports. Kuwait (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to railway goods wagon exports from China stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest railway goods wagon supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the export price figures.

Railway Goods Wagon Imports

Imports in Asia

In 2022, purchases abroad of railway or tramway goods vans and wagons (not self-propelled) increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, railway goods wagon imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mongolia (X units), distantly followed by Kazakhstan (X units), the United Arab Emirates (X units) and Pakistan (X units) represented the main importers of railway or tramway goods vans and wagons (not self-propelled), together constituting X% of total imports. India (X units), Indonesia (X units), Singapore (X units) and Kyrgyzstan (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest railway goods wagon importing markets in Asia were Kazakhstan ($X), Mongolia ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Indonesia, Singapore, India, Kyrgyzstan and Pakistan lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Pakistan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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