China: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in China

In 2022, the Chinese railway goods wagon market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, the total consumption indicated a pronounced 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. Railway goods wagon consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Railway Goods Wagon Production in China

In value terms, railway goods wagon production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Railway goods wagon production peaked at $X in 2020; afterwards, it flattened through to 2022.

Railway Goods Wagon Exports

Exports from China

In 2022, overseas shipments 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 three years of decline. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked 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 surged to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mongolia (X units) was the main destination for railway goods wagon exports from China, with a X% share of total exports. Moreover, railway goods wagon exports to Mongolia exceeded the volume sent to the second major destination, Australia (X units), threefold. Gabon (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mongolia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Gabon (X% per year).

In value terms, Australia ($X) remains the key foreign market for railway or tramway goods vans and wagons (not self-propelled) exports from China, comprising X% of total exports. The second position in the ranking was held by Gabon ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average railway goods wagon export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Goods Wagon Imports

Imports into China

In 2022, supplies from abroad of railway or tramway goods vans and wagons (not self-propelled) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, railway goods wagon imports fell markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units) and South Africa (X units) were the main suppliers of railway goods wagon imports to China.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%).

In value terms, South Africa ($X) and South Korea ($X) appeared to be the largest railway goods wagon suppliers to China.

South Africa, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average railway goods wagon import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for South Korea amounted to $X per unit.

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

Source: IndexBox Platform

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