MENA: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in MENA

The MENA's railway goods wagon market stood at $X in 2022, rising by X% against the previous year. Overall, consumption recorded a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Railway Goods Wagon Production in MENA

In value terms, railway goods wagon production reached $X in 2022 estimated in export price. Overall, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Railway Goods Wagon Exports

Exports in MENA

In 2022, after two years of growth, there was decline in overseas shipments of railway or tramway goods vans and wagons (not self-propelled), when their volume decreased by X% to X units. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped slightly in the following year.

In value terms, railway goods wagon exports plummeted to $X in 2022. Over the period under review, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Turkey represented the largest exporting country with an export of around X units, which reached X% of total exports. Kuwait (X units) ranks second in terms of the total exports with a X% share, followed by Tunisia (X%). The following exporters - the United Arab Emirates (X units) and Oman (X units) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest railway goods wagon supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, railway goods wagon exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Railway Goods Wagon Imports

Imports in MENA

In 2022, overseas purchases of railway or tramway goods vans and wagons (not self-propelled) increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a slight reduction. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, railway goods wagon imports surged to $X in 2022. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X units, which was approx. X% of total imports in 2022. Qatar (X units) took the second position in the ranking, followed by Egypt (X units). All these countries together took near X% share of total imports. The following importers - Turkey (X units) and Iran (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to railway goods wagon imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%), Turkey (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.), Egypt (X p.p.) and Iran (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported railway or tramway goods vans and wagons (not self-propelled) in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, railway goods wagon imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform