GCC: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in GCC

The GCC railway goods wagon market expanded remarkably to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Railway Goods Wagon Production in GCC

In value terms, railway goods wagon production reached $X in 2022 estimated in export price. In general, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Railway Goods Wagon Exports

Exports in GCC

In 2022, overseas shipments 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, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021, and then declined in the following year.

In value terms, railway goods wagon exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Kuwait dominates exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), making up a X% share of total exports. Oman (X units) followed a long way behind the leaders.

Kuwait 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. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. From 2012 to 2022, the share of Kuwait increased by X percentage points.

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

In Kuwait, railway goods wagon exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 GCC

In 2022, approx. X units of railway or tramway goods vans and wagons (not self-propelled) were imported in GCC; with an increase of X% compared with the previous year's figure. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, railway goods wagon imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a slight slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Qatar (X units), creating a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Qatar (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported railway or tramway goods vans and wagons (not self-propelled) in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price saw a abrupt setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X,658 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform