GCC: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in GCC

In 2021, after two years of growth, there was significant decline in the GCC self-propelled railway coach market, when its value decreased by -13% to $X. In general, consumption, however, saw strong growth. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Self-Propelled Railway Coach Production in GCC

In value terms, self-propelled railway coach production declined to $X in 2021 estimated in export price. Overall, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 69%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Self-Propelled Railway Coach Exports

Exports in GCC

In 2021, the amount of railway or tramway coaches (self-propelled) exported in GCC skyrocketed to X tons, growing by 73% compared with the previous year's figure. Over the period under review, exports showed a measured expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,388%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled railway coach exports skyrocketed to $X in 2021. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,447%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X tons) was the major exporter of railway or tramway coaches (self-propelled), mixing up 69% of total exports. It was distantly followed by Saudi Arabia (X tons), creating a 31% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the railway or tramway coaches (self-propelled) exports, with a CAGR of +17.8% from 2012 to 2021. Saudi Arabia (-6.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +48 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest self-propelled railway coach supplier in GCC, comprising 80% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled +9.9%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, dropping by -28.3% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced increase. The growth pace was the most rapid in 2017 when the export price increased by 904% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.7%).

Self-Propelled Railway Coach Imports

Imports in GCC

For the fourth year in a row, GCC recorded decline in supplies from abroad of railway or tramway coaches (self-propelled), which decreased by -46.6% to X tons in 2021. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 935%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, self-propelled railway coach imports contracted significantly to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 674%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importer of railway or tramway coaches (self-propelled) in GCC, with the volume of imports amounting to X tons, which was near 53% of total imports in 2021. Qatar (X tons) ranks second in terms of the total imports with a 32% share, followed by Saudi Arabia (15%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled railway coach importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Saudi Arabia ($X), with a combined 100% share of total imports.

In terms of the main importing countries, Qatar, with a CAGR of +111.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, which is down by -30.9% against the previous year. In general, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2018 an increase of 68% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+34.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform