Turkey: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in Turkey

After two years of growth, the Turkish self-propelled railway coach market decreased by -11.4% to $X in 2021. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.1% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Self-Propelled Railway Coach Production in Turkey

In value terms, self-propelled railway coach production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +91.2% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. Self-propelled railway coach production peaked at $X in 2020, and then contracted modestly in the following year.

Self-Propelled Railway Coach Exports

Exports from Turkey

In 2021, approx. X tons of railway or tramway coaches (self-propelled) were exported from Turkey; with an increase of 617% on 2020. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 15,375% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, self-propelled railway coach exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 11,387% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Free Zones (X tons) was the main destination for self-propelled railway coach exports from Turkey, with a 84% share of total exports. Moreover, self-propelled railway coach exports to Free Zones exceeded the volume sent to the second major destination, Poland (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Free Zones totaled -13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+5,152.3% per year) and Romania (0.0% per year).

In value terms, Free Zones ($X) remains the key foreign market for railway or tramway coaches (self-propelled) exports from Turkey, comprising 68% of total exports. The second position in the ranking was taken by Poland ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Free Zones amounted to -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+4,198.3% per year) and Romania (0.0% per year).

Export Prices by Country

The average self-propelled railway coach export price stood at $X per ton in 2021, growing by 78% against the previous year. In general, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 139%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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 Romania ($X per ton), while the average price for exports to Free Zones ($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 Thailand (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Railway Coach Imports

Imports into Turkey

In 2021, the amount of railway or tramway coaches (self-propelled) imported into Turkey dropped rapidly to X tons, which is down by -69.8% compared with 2020. Over the period under review, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2016 with an increase of 203% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, self-propelled railway coach imports reduced dramatically to $X in 2021. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 282%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), China (X tons) and Austria (X tons) were the main suppliers of self-propelled railway coach imports to Turkey, together comprising 72% of total imports. These countries were followed by South Korea, France, Germany and the Czech Republic, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +6.5%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X), Austria ($X) and South Korea ($X) constituted the largest self-propelled railway coach suppliers to Turkey, together comprising 79% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +4.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average self-propelled railway coach import price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the import price saw a perceptible increase. The growth pace was the most rapid in 2020 when the average import price increased by 50% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+91.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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