U.S.: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in the U.S.

The U.S. railway goods wagon market stood at $X in 2022, standing approx. at the previous year. Overall, consumption enjoyed resilient growth. Railway goods wagon consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Railway Goods Wagon Production in the U.S.

In value terms, railway goods wagon production amounted to $X in 2022. Overall, the total production indicated a buoyant 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Railway Goods Wagon Exports

Exports from the U.S.

In 2022, railway goods wagon exports from the United States expanded rapidly to X units, picking up by X% against 2021 figures. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, railway goods wagon exports expanded markedly to $X in 2022. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X units) and Mexico (X units) were the main destinations of railway goods wagon exports from the United States.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%).

In value terms, the largest markets for railway goods wagon exported from the United States were Canada ($X) and Mexico ($X).

Among the main countries of destination, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average railway goods wagon export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price 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, railway goods wagon export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Mexico amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%).

Railway Goods Wagon Imports

Imports into the U.S.

In 2022, overseas purchases of railway or tramway goods vans and wagons (not self-propelled) were finally on the rise to reach X units after two years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, railway goods wagon imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X units) was the main supplier of railway goods wagon to the United States, with a X% share of total imports. It was followed by Mexico (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at X%.

Import Prices by Country

In 2022, the average railway goods wagon import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price posted a prominent expansion. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Canada ($X per unit), while the price for Mexico amounted to $X per unit.

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

Source: IndexBox Platform

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