Hungary: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Hungary

In 2022, the Hungarian railway goods wagon market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Railway Goods Wagon Production in Hungary

In value terms, railway goods wagon production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a mild increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Railway goods wagon production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Railway Goods Wagon Exports

Exports from Hungary

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 consecutive year after two years of decline. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, railway goods wagon exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units) was the main destination for railway goods wagon exports from Hungary, with a X% share of total exports. Moreover, railway goods wagon exports to Poland exceeded the volume sent to the second major destination, Bulgaria (X units), twofold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Germany (X% per year).

In value terms, Poland ($X) emerged as the key foreign market for railway or tramway goods vans and wagons (not self-propelled) exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

Export Prices by Country

The average railway goods wagon export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Bulgaria ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Railway Goods Wagon Imports

Imports into Hungary

In 2022, approx. X units of railway or tramway goods vans and wagons (not self-propelled) were imported into Hungary; which is down by X% on 2021. Overall, imports showed a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, railway goods wagon imports declined rapidly to $X in 2022. In general, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Slovakia (X units), Bulgaria (X units) and Croatia (X units) were the main suppliers of railway goods wagon imports to Hungary, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) constituted the largest supplier of railway or tramway goods vans and wagons (not self-propelled) to Hungary, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Turkey (X% per year).

Import Prices by Country

The average railway goods wagon import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price recorded a slight reduction. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 the Czech Republic ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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