Asia: Self-Propelled Railway Coach Market 2025

Self-Propelled Railway Coach Market Size in Asia

The Asian self-propelled railway coach market expanded to $X in 2021, picking up by 2.2% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Self-Propelled Railway Coach Production in Asia

In value terms, self-propelled railway coach production totaled $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Self-Propelled Railway Coach Exports

Exports in Asia

In 2021, exports of railway or tramway coaches (self-propelled) in Asia expanded slightly to X tons, with an increase of 1.6% compared with the previous year. Total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.8% against 2017 indices. The pace of growth was the most pronounced in 2018 when exports increased by 40%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled railway coach exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) represented the major exporter of railway or tramway coaches (self-propelled), achieving 47% of total exports. South Korea (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by Japan (11%), Hong Kong SAR (9.3%) and India (4.9%). Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hong Kong SAR (with a CAGR of +117.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 86% of total exports. India, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 14%.

India, with a CAGR of +130.0%, 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 Asia stood at $X per ton in 2021, with an increase of 17% against the previous year. In general, the export price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 when the export price increased by 52%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), while the other leaders experienced more modest paces of growth.

Self-Propelled Railway Coach Imports

Imports in Asia

In 2021, supplies from abroad of railway or tramway coaches (self-propelled) increased by 22% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 67%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, self-propelled railway coach imports expanded markedly to $X in 2021. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Israel (X tons), followed by Taiwan (Chinese) (X tons), Thailand (X tons), Hong Kong SAR (X tons), the Philippines (X tons), Iran (X tons), Singapore (X tons) and Malaysia (X tons) represented the key importers of railway or tramway coaches (self-propelled), together achieving 76% of total imports. The United Arab Emirates (X tons), Vietnam (X tons), Bangladesh (X tons), Azerbaijan (X tons) and Turkey (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +285.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, with a combined 42% share of total imports. These countries were followed by the Philippines, Thailand, Iran, Singapore, the United Arab Emirates, Turkey, Bangladesh, Azerbaijan, Malaysia and Vietnam, which together accounted for a further 50%.

In terms of the main importing countries, the Philippines, with a CAGR of +356.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, dropping by -5.9% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth was the most pronounced in 2018 an increase of 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :