Spain: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Spain

The Spanish railway passenger coach market fell sharply to $X in 2022, shrinking by -39.7% against the previous year. Over the period under review, consumption, however, recorded a perceptible increase. Over the period under review, the market hit record highs at $X in 2021, and then declined rapidly in the following year.

Railway Passenger Coach Production in Spain

In value terms, railway passenger coach production reached $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.9% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 50%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Railway Passenger Coach Exports

Exports from Spain

In 2022, overseas shipments of railway or tramway passenger coaches (not self-propelled) increased by 917% to X units, rising for the second consecutive year after three years of decline. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 5,672%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, railway passenger coach exports soared to $X in 2022. Over the period under review, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 when exports increased by 4,269% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X units) was the main destination for railway passenger coach exports from Spain, accounting for a approx. 96% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Egypt amounted to +169.2%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt amounted to +132.5%.

Export Prices by Country

In 2022, the average railway passenger coach export price amounted to $X per unit, which is down by -86% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 146%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -3.2% per year.

Railway Passenger Coach Imports

Imports into Spain

In 2022, imports of railway or tramway passenger coaches (not self-propelled) into Spain reached X units, increasing by 15% on the previous year. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 765%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, railway passenger coach imports surged to $X in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 1,511%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X units) constituted the largest railway passenger coach supplier to Spain, with a 47% share of total imports. Moreover, railway passenger coach imports from France exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +118.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+101.8% per year) and the Netherlands (+136.5% per year).

In value terms, France ($X), Germany ($X) and Belgium ($X) constituted the largest railway passenger coach suppliers to Spain, together comprising 83% of total imports.

Among the main suppliers, France, with a CAGR of +196.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average railway passenger coach import price amounted to $X per unit, with an increase of 2.9% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 150% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Denmark ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+35.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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