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Report Republic of Korea - Railway or Tramway Passenger Coaches (Not Self-Propelled) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Republic of Korea - Railway or Tramway Passenger Coaches (Not Self-Propelled) - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Railway Passenger Coach Market 2025

Railway Passenger Coach Market Size in Republic of Korea

After two years of growth, the South Korean railway passenger coach market decreased by -2.6% to $X in 2022. Overall, consumption, however, continues to indicate a significant increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Railway Passenger Coach Production in Republic of Korea

In value terms, railway passenger coach production shrank rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by 85%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Railway Passenger Coach Exports

Exports from Republic of Korea

Railway passenger coach exports from South Korea skyrocketed to X units in 2022, surging by 5,408% compared with the year before. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 43,624%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, railway passenger coach exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 27,653%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Tanzania (X units) was the main destination for railway passenger coach exports from South Korea, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Tanzania totaled +21.5%.

In value terms, Tanzania ($X) emerged as the key foreign market for railway or tramway passenger coaches (not self-propelled) exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Tanzania amounted to +30.5%.

Export Prices by Country

In 2022, the average railway passenger coach export price amounted to $X per unit, jumping by 55% against the previous year. Over the period under review, the export price enjoyed a pronounced expansion. The growth pace was the most rapid in 2021 when the average export price increased by 62%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +30.0% per year.

Railway Passenger Coach Imports

Imports into Republic of Korea

In 2022, approx. X units of railway or tramway passenger coaches (not self-propelled) were imported into South Korea; growing by 46% on the previous year. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 2,100% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, railway passenger coach imports contracted sharply to $X in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of 17,237%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, the UK (X units) constituted the largest railway passenger coach supplier to South Korea, with a 75% share of total imports. Moreover, railway passenger coach imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +46.0%.

In value terms, China ($X) constituted the largest supplier of railway or tramway passenger coaches (not self-propelled) to South Korea, comprising 84% of total imports. The second position in the ranking was held by the UK ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +46.2%.

Import Prices by Country

In 2022, the average railway passenger coach import price amounted to $X per unit, reducing by -47.7% against the previous year. Overall, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 688%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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 UK totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+28.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Australia remains the largest railway passenger coach consuming country worldwide, accounting for 98% of total volume.
The countries with the highest volumes of railway passenger coach production in 2021 were Germany, China and France, with a combined 52% share of global production. India, Mexico, Kazakhstan, Belarus, Ukraine, Russia, the Dominican Republic, Norway, Hungary and Georgia lagged somewhat behind, together comprising a further 32%.
In value terms, China constituted the largest supplier of railway passenger coach to South Korea, comprising 84% of total imports. The second position in the ranking was occupied by the UK, with a 16% share of total imports.
In 2021, the average railway passenger coach import price amounted to $20,636 per unit, which is down by -27.1% against the previous year.

This report provides an in-depth analysis of the railway passenger coach market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 30203200 - Rail/tramway passenger coaches, luggage vans, post office coaches and other special purpose rail/tramway coaches excluding rail/tramway maintenance/service vehicles, selfpropelled

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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