Hungary: Railway Passenger Coach Market 2025

Railway Passenger Coach Market Size in Hungary

In 2022, the Hungarian railway passenger coach market increased by 63% to $X, rising for the seventh consecutive year after three years of decline. Overall, consumption, however, saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Railway Passenger Coach Production in Hungary

In value terms, railway passenger coach production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Railway passenger coach production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Railway Passenger Coach Exports

Exports from Hungary

In 2022, after six years of growth, there was decline in shipments abroad of railway or tramway passenger coaches (not self-propelled), when their volume decreased by -0.5% to X units. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 122% against the previous year. As a result, the exports attained the peak of X units, leveling off in the following year.

In value terms, railway passenger coach exports dropped significantly to $X in 2022. In general, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 285%. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Germany (X units) was the main destination for railway passenger coach exports from Hungary, accounting for a 57% share of total exports. Moreover, railway passenger coach exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The third position in this ranking was held by Poland (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +79.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+83.2% per year) and Poland (+13.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for railway or tramway passenger coaches (not self-propelled) exports from Hungary, comprising 55% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 16% share of total exports. It was followed by Egypt, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +52.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+52.1% per year) and Egypt (-76.0% per year).

Export Prices by Country

The average railway passenger coach export price stood at $X per unit in 2022, shrinking by -33.5% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 73%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Egypt ($X per unit), while the average price for exports to the United States ($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 Poland (-9.6%), while the prices for the other major destinations experienced a decline.

Railway Passenger Coach Imports

Imports into Hungary

In 2022, purchases abroad of railway or tramway passenger coaches (not self-propelled) increased by 26% to X units, rising for the fourth consecutive year after two years of decline. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,100%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, railway passenger coach imports soared to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 18,157% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X units) was the main supplier of railway passenger coach to Hungary, accounting for a 99% share of total imports. It was followed by Spain (X units), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +90.7%.

In value terms, Russia ($X) constituted the largest supplier of railway or tramway passenger coaches (not self-propelled) to Hungary, comprising 99.9% of total imports. The second position in the ranking was held by Spain ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +4,669.8%.

Import Prices by Country

The average railway passenger coach import price stood at $X per unit in 2022, with an increase of 1,918% against the previous year. In general, the import price saw a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8,522% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Russia ($X per unit), while the price for Spain amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2,401.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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