Latin America and the Caribbean: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Latin America and the Caribbean

The Latin American railway passenger coach market fell to $X in 2022, with a decrease of -8.7% against the previous year. Overall, consumption recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Railway Passenger Coach Production in Latin America and the Caribbean

In value terms, railway passenger coach production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2016 with an increase of 360% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Railway Passenger Coach Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of railway or tramway passenger coaches (not self-propelled) decreased by 0% to X units in 2022. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 6,150%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, railway passenger coach exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 112,073% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina dominates exports structure, accounting for X units, which was approx. 90% of total exports in 2022. It was distantly followed by the Dominican Republic (X units), making up a 10% share of total exports.

Argentina experienced a relatively flat trend pattern with regard to volume of exports of railway or tramway passenger coaches (not self-propelled). The Dominican Republic (-41.5%) illustrated a downward trend over the same period. While the share of Argentina (+89 p.p.) and the Dominican Republic (+9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) emerged as the largest railway passenger coach supplier in Latin America and the Caribbean, comprising 96% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 1% share of total exports.

In Argentina, railway passenger coach exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2014 when the export price increased by 3,403% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, 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 Argentina ($X per unit), while the Dominican Republic stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (-25.5%).

Railway Passenger Coach Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of railway or tramway passenger coaches (not self-propelled) were imported in Latin America and the Caribbean; with a decrease of -44.9% compared with the previous year. In general, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of 78,165%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, railway passenger coach imports soared to $X in 2022. Overall, imports recorded a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 234% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Peru dominates imports structure, recording X units, which was near 84% of total imports in 2022. It was distantly followed by the Dominican Republic (X units), generating a 9.4% share of total imports. Bahamas (X units) and Colombia (X units) held a little share of total imports.

Peru was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) imports, with a CAGR of +98.1% from 2012 to 2022. At the same time, Colombia (+45.7%) and Bahamas (+34.5%) displayed positive paces of growth. By contrast, the Dominican Republic (-58.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Bahamas and Colombia increased by +84, +3.1 and +1.9 percentage points, respectively.

In value terms, Peru ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in Latin America and the Caribbean, comprising 75% of total imports. The second position in the ranking was held by Colombia ($X), with a 12% share of total imports. It was followed by Bahamas, with a 0.6% share.

In Peru, railway passenger coach imports expanded at an average annual rate of +131.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+52.3% per year) and Bahamas (+45.6% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of 128% against the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 46,857% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+16.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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