Thailand: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Thailand

After two years of decline, the Thai railway goods wagon market increased by X% to $X in 2022. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Railway Goods Wagon Production in Thailand

In value terms, railway goods wagon production contracted to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Railway goods wagon production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Railway Goods Wagon Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in shipments abroad of railway or tramway goods vans and wagons (not self-propelled), when their volume decreased by X% to X units. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, railway goods wagon exports soared to $X in 2022. Over the period under review, exports saw a sharp decrease. The growth pace was the most rapid in 2014 with an increase of X% 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 somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for railway goods wagon exports from Thailand, with a X% share of total exports. Moreover, railway goods wagon exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Lao People's Democratic Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Cambodia (X% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for railway or tramway goods vans and wagons (not self-propelled) exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lao People's Democratic Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average railway goods wagon export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a deep contraction. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Railway Goods Wagon Imports

Imports into Thailand

In 2022, the amount of railway or tramway goods vans and wagons (not self-propelled) imported into Thailand reduced notably to X units, with a decrease of X% compared with the previous year's figure. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, railway goods wagon imports contracted significantly to $X in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Malaysia (X units) and Japan (X units) were the main suppliers of railway goods wagon imports to Thailand.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of railway or tramway goods vans and wagons (not self-propelled) to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average railway goods wagon import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price, however, posted a notable expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, 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 ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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