United Kingdom: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in the UK

The UK railway goods wagon market shrank slightly to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a noticeable expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Railway Goods Wagon Production in the UK

In value terms, railway goods wagon production reached $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Railway Goods Wagon Exports

Exports from the UK

For the third year in a row, the UK recorded growth in overseas shipments of railway or tramway goods vans and wagons (not self-propelled), which increased by X% to X units in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, railway goods wagon exports soared to $X in 2022. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X units) was the main destination for railway goods wagon exports from the UK, with a X% share of total exports. Moreover, railway goods wagon exports to France exceeded the volume sent to the second major destination, Sweden (X units), ninefold. The third position in this ranking was taken by Ireland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Ireland (X% per year).

In value terms, France ($X) remains the key foreign market for railway or tramway goods vans and wagons (not self-propelled) exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average railway goods wagon export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

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 South Africa ($X per unit), while the average price for exports to France ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Goods Wagon Imports

Imports into the UK

In 2022, supplies from abroad of railway or tramway goods vans and wagons (not self-propelled) increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, railway goods wagon imports soared to $X in 2022. In general, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X units), Romania (X units) and the Czech Republic (X units) were the main suppliers of railway goods wagon imports to the UK, with a combined X% share of total imports. Germany, France and China lagged somewhat behind, together accounting for a further X%.

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, the largest railway goods wagon suppliers to the UK were Romania ($X), Poland ($X) and Germany ($X), with a combined X% share of total imports. France, China and the Czech Republic lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 goods wagon import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 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 Romania ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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