Saudi Arabia: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in Saudi Arabia

After two years of growth, the Saudi self-propelled railway coach market decreased by -16.3% to $X in 2021. In general, consumption, however, saw a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted remarkably in the following year.

Self-Propelled Railway Coach Production in Saudi Arabia

In value terms, self-propelled railway coach production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 95% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Self-Propelled Railway Coach Exports

Exports from Saudi Arabia

For the seventh consecutive year, Saudi Arabia recorded decline in overseas shipments of railway or tramway coaches (self-propelled), which decreased by -2.2% to X tons in 2021. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 1,452%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled railway coach exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 1,789% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for self-propelled railway coach exports from Saudi Arabia, accounting for a 68% share of total exports. Moreover, self-propelled railway coach exports to the United Arab Emirates exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Bahrain (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-8.9% per year) and Bahrain (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for railway or tramway coaches (self-propelled) exports from Saudi Arabia, comprising 60% of total exports. The second position in the ranking was held by Bahrain ($X), with a 14% share of total exports. It was followed by Italy, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (0.0% per year) and Italy (-10.4% per year).

Export Prices by Country

The average self-propelled railway coach export price stood at $X per ton in 2021, surging by 82% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Italy ($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 Egypt (+0.8%), while the prices for the other major destinations experienced a decline.

Self-Propelled Railway Coach Imports

Imports into Saudi Arabia

Self-propelled railway coach imports into Saudi Arabia fell markedly to X tons in 2021, shrinking by -82% against the previous year. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 7,999%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled railway coach imports declined notably to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 5,675%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest self-propelled railway coach supplier to Saudi Arabia, accounting for a 73% share of total imports. Moreover, self-propelled railway coach imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold.

From 2013 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.3%.

In value terms, China ($X) constituted the largest supplier of railway or tramway coaches (self-propelled) to Saudi Arabia, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports.

From 2013 to 2021, the average annual rate of growth in terms of value from China amounted to -7.8%.

Import Prices by Country

In 2021, the average self-propelled railway coach import price amounted to $X per ton, waning by -90% against the previous year. Over the period under review, the import price recorded a precipitous slump. The growth pace was the most rapid in 2016 when the average import price increased by 343%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China stood at $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+67.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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