Latin America and the Caribbean: Self-Propelled Railway Coach Market 2025

Self-Propelled Railway Coach Market Size in Latin America and the Caribbean

In 2021, the Latin American self-propelled railway coach market decreased by -9.9% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Self-Propelled Railway Coach Production in Latin America and the Caribbean

In value terms, self-propelled railway coach production dropped to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +44.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 46%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Self-Propelled Railway Coach Exports

Exports in Latin America and the Caribbean

In 2021, exports of railway or tramway coaches (self-propelled) in Latin America and the Caribbean declined to X tons, shrinking by -8.3% against the previous year. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 538% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled railway coach exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 437% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico prevails in exports structure, amounting to X tons, which was near 95% of total exports in 2021. It was distantly followed by Brazil (X tons), creating a 4.8% share of total exports.

Mexico was also the fastest-growing in terms of the railway or tramway coaches (self-propelled) exports, with a CAGR of +3.7% from 2012 to 2021. Brazil (-28.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico increased by +54 percentage points.

In value terms, Mexico ($X) remains the largest self-propelled railway coach supplier in Latin America and the Caribbean, comprising 95% of total exports. The second position in the ranking was taken by Brazil ($X), with a 4.9% share of total exports.

In Mexico, self-propelled railway coach exports increased at an average annual rate of +17.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by 28% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, self-propelled railway coach export price increased by +60.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.7%).

Self-Propelled Railway Coach Imports

Imports in Latin America and the Caribbean

In 2021, imports of railway or tramway coaches (self-propelled) in Latin America and the Caribbean reduced remarkably to X tons, shrinking by -67.6% on the previous year. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 198%. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, self-propelled railway coach imports surged to $X in 2021. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 30%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Ecuador (X tons), Chile (X tons) and Argentina (X tons) represented roughly 68% of total imports in 2021. Mexico (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Peru (6.4%). The following importers - Brazil (X tons) and Venezuela (X tons) - together made up 6.1% of total imports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +69.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Ecuador ($X), Chile ($X) and Argentina ($X) were the countries with the highest levels of imports in 2021, together accounting for 65% of total imports.

In terms of the main importing countries, Ecuador, with a CAGR of +77.0%, 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 a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 264% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a 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 Venezuela ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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