Republic of Korea: Self-Propelled Railway Coach Market 2025

Self-Propelled Railway Coach Market Size in Republic of Korea

The South Korean self-propelled railway coach market fell to $X in 2021, reducing by -5% against the previous year. In general, consumption showed a pronounced reduction. Self-propelled railway coach consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Railway Coach Production in Republic of Korea

In value terms, self-propelled railway coach production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 50%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Self-Propelled Railway Coach Exports

Exports from Republic of Korea

In 2021, overseas shipments of railway or tramway coaches (self-propelled) increased by 20% to X tons, rising for the third year in a row after three years of decline. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 423%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, self-propelled railway coach exports expanded sharply to $X in 2021. Overall, exports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 when exports increased by 226%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Taiwan (Chinese) (X tons) and Egypt (X tons) were the main destinations of self-propelled railway coach exports from South Korea, with a combined 54% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +318.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Australia ($X) and Hong Kong SAR ($X) appeared to be the largest markets for self-propelled railway coach exported from South Korea worldwide, with a combined 53% share of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +261.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average self-propelled railway coach export price amounted to $X per ton, with a decrease of -6.2% against the previous year. Overall, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2014 an increase of 192% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.1%), while the prices for the other major destinations experienced a decline.

Self-Propelled Railway Coach Imports

Imports into Republic of Korea

In 2021, imports of railway or tramway coaches (self-propelled) into South Korea reduced remarkably to X tons, waning by -71.4% on 2020 figures. Over the period under review, imports saw a significant decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 75% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled railway coach imports declined rapidly to $X in 2021. In general, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 104%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of self-propelled railway coach to South Korea, accounting for a 83% share of total imports. Moreover, self-propelled railway coach imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled -34.6%.

In value terms, Japan ($X) constituted the largest supplier of railway or tramway coaches (self-propelled) to South Korea, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -35.7%.

Import Prices by Country

In 2021, the average self-propelled railway coach import price amounted to $X per ton, approximately equating the previous year. Overall, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 69% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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