Japan: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Japan

The Japanese railway goods wagon market dropped to $X in 2022, waning by X% against the previous year. In general, consumption showed a perceptible reduction. 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 Goods Wagon Production in Japan

In value terms, railway goods wagon production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Railway goods wagon production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Railway Goods Wagon Exports

Exports from Japan

After four years of decline, overseas shipments of railway or tramway goods vans and wagons (not self-propelled) decreased by X% to X units in 2022. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, railway goods wagon exports contracted to $X in 2022. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X units) and Taiwan (Chinese) (X units) were the main destinations of railway goods wagon exports from Japan. Moreover, railway goods wagon exports in Mexico exceeded the figures recorded by the second-largest exporter, Taiwan (Chinese), twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled X%.

Export Prices by Country

The average railway goods wagon export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the 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 Mexico ($X per unit), while the average price for exports to Taiwan (Chinese) totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Goods Wagon Imports

Imports into Japan

In 2022, after three years of growth, there was significant decline in supplies from abroad of railway or tramway goods vans and wagons (not self-propelled), when their volume decreased by X% to X units. Over the period under review, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, railway goods wagon imports dropped dramatically to $X in 2022. Overall, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest railway goods wagon supplier to Japan, accounting for a X% share of total imports. Moreover, railway goods wagon imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of railway or tramway goods vans and wagons (not self-propelled) to Japan, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

The average railway goods wagon import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 China ($X per unit), while the price for the United States totaled $X per unit.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :