EU: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in the EU

In 2022, the EU railway passenger coach market increased by 12% to $X, rising for the second consecutive year after six years of decline. Overall, consumption, however, faced a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Railway Passenger Coach Production in the EU

In value terms, railway passenger coach production fell to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Railway Passenger Coach Exports

Exports in the EU

In 2022, the amount of railway or tramway passenger coaches (not self-propelled) exported in the European Union shrank notably to X units, reducing by -74.9% compared with 2021. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 526%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, railway passenger coach exports declined sharply to $X in 2022. Over the period under review, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2014 when exports increased by 115% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, France (X units) and Slovenia (X units) represented the main exporters of railway or tramway passenger coaches (not self-propelled) in the European Union, together recording approx. 76% of total exports. It was distantly followed by Spain (X units), comprising a 15% share of total exports. Hungary (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by France (with a CAGR of +56.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest railway passenger coach supplying countries in the European Union were France ($X), Hungary ($X) and Spain ($X), with a combined 65% share of total exports.

Among the main exporting countries, France, with a CAGR of +83.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, growing by 188% against the previous year. Overall, the export price recorded a tangible expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by 685% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 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 Hungary ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.8%), while the other leaders experienced a decline in the export price figures.

Railway Passenger Coach Imports

Imports in the EU

In 2022, imports of railway or tramway passenger coaches (not self-propelled) in the European Union soared to X units, jumping by 32% compared with 2021 figures. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 135%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, railway passenger coach imports plummeted to $X in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 108%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain prevails in imports structure, reaching X units, which was near 76% of total imports in 2022. It was distantly followed by France (X units), generating a 9.5% share of total imports. Belgium (X units), Croatia (X units), Germany (X units) and Poland (X units) followed a long way behind the leaders.

Spain was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) imports, with a CAGR of +79.6% from 2012 to 2022. At the same time, Poland (+29.6%), Belgium (+19.6%) and Croatia (+17.1%) displayed positive paces of growth. By contrast, France (-16.5%) and Germany (-17.7%) illustrated a downward trend over the same period. While the share of Spain (+76 p.p.), Belgium (+3.7 p.p.) and Croatia (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (-9.7 p.p.) and France (-39 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest railway passenger coach importing markets in the European Union were Spain ($X), Germany ($X) and France ($X), together accounting for 49% of total imports.

Spain, with a CAGR of +54.3%, recorded 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 the European Union amounted to $X per unit, declining by -43.8% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 323% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, 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 Germany ($X per unit), while Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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