Latvia: Self-Propelled Railway Coach Market 2020

Self-Propelled Railway Coach Market Size in Latvia

The revenue of the self-propelled railway coach market in Latvia amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, self-propelled railway coach consumption continues to indicate a pronounced drop. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the self-propelled railway coach market reached its maximum level at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Self-Propelled Railway Coach Production in Latvia

In value terms, self-propelled railway coach production totaled $X in 2018 estimated in export prices. Over the period under review, self-propelled railway coach production continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2009 when production volume increased by X% year-to-year. In that year, self-propelled railway coach production attained its peak level of $X. From 2010 to 2018, self-propelled railway coach production growth failed to regain its momentum.

Self-Propelled Railway Coach Exports

Exports from Latvia

Self-propelled railway coach exports from Latvia amounted to X units in 2018, reducing by -X% against the previous year. In general, self-propelled railway coach exports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, self-propelled railway coach exports reached their maximum at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, self-propelled railway coach exports stood at $X in 2018. Over the period under review, self-propelled railway coach exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Latvia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

New Zealand represented the largest exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by the Netherlands (X units), China (X units), Germany (X units) and the UK (X units), together committing a X% share of total exports. Slovakia (X units), Japan (X units), Spain (X units), South Korea (X units), Malaysia (X units), Poland (X units) and France (X units) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the railway or tramway coaches (self-propelled) exports, with a CAGR of +X% from 2007 to 2018. At the same time, the UK (+X%), Slovakia (+X%), the Netherlands (+X%), South Korea (+X%), Japan (+X%), China (+X%) and Poland (+X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. By contrast, Germany (-X%), Spain (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. New Zealand (+X p.p.), the Netherlands (+X p.p.), China (+X p.p.), the UK (+X p.p.), Slovakia (+X p.p.), Japan (+X p.p.) and South Korea (+X p.p.) significantly strengthened its position in terms of the global exports, while Spain, Germany and Malaysia saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest self-propelled railway coach supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

In Germany, self-propelled railway coach exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2018, the self-propelled railway coach export price in Latvia amounted to $X per unit, growing by X% against the previous year. In general, the self-propelled railway coach export price, however, continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Latvia export price peaked at $X per unit in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per unit), while New Zealand ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Self-Propelled Railway Coach Imports

Imports into Latvia

In 2018, the imports of railway or tramway coaches (self-propelled) into Latvia totaled X units, picking up by X% against the previous year. Over the period under review, self-propelled railway coach imports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, self-propelled railway coach imports reached their maximum at X units in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, self-propelled railway coach imports stood at $X in 2018. Overall, self-propelled railway coach imports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, self-propelled railway coach imports reached their peak figure at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of self-propelled railway coach imports in 2018 were Tanzania (X units), together accounting for X% of total import.

Tanzania was also the fastest-growing in terms of the railway or tramway coaches (self-propelled) imports, with a CAGR of +X% from 2007 to 2018. Tanzania (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest self-propelled railway coach importing markets into Latvia were Tanzania ($X) and Latvia ($X), with a combined X% share of total imports.

Tanzania (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last eleven-year period.

Import Prices by Country

In 2018, the self-propelled railway coach import price in Latvia amounted to $X per unit, picking up by X% against the previous year. Overall, the self-propelled railway coach import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Latvia import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Tanzania.

From 2007 to 2018, the rate of growth in terms of prices for Tanzania amounted to -X% per year.

Source: IndexBox Platform