United Kingdom: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in the UK

In 2022, the UK railway passenger coach market decreased by -16.8% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a deep slump. Railway passenger coach consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Railway Passenger Coach Production in the UK

In value terms, railway passenger coach production shrank to $X in 2022 estimated in export price. Overall, production faced a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by 30% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Railway Passenger Coach Exports

Exports from the UK

In 2022, overseas shipments of railway or tramway passenger coaches (not self-propelled) increased by 96% to X units, rising for the second consecutive year after two years of decline. In general, exports recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by 969%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, railway passenger coach exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,858% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units), Italy (X units) and France (X units) were the main destinations of railway passenger coach exports from the UK, together accounting for 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +300.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for railway or tramway passenger coaches (not self-propelled) exports from the UK, comprising 87% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 7% share of total exports. It was followed by Germany, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +2,737.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+43.4% per year) and Germany (+87.6% per year).

Export Prices by Country

In 2022, the average railway passenger coach export price amounted to $X per unit, surging by 352% against the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 607% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to France ($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 Italy (+609.3%), while the prices for the other major destinations experienced mixed trend patterns.

Railway Passenger Coach Imports

Imports into the UK

In 2022, imports of railway or tramway passenger coaches (not self-propelled) into the UK skyrocketed to X units, jumping by 125% compared with 2021. In general, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 463% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, railway passenger coach imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a precipitous descent. The growth pace was the most rapid in 2019 with an increase of 18,171% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest railway passenger coach supplier to the UK, with a 50% share of total imports. Moreover, railway passenger coach imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold. The third position in this ranking was held by Ireland (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+15.5% per year) and Ireland (-23.3% per year).

In value terms, Switzerland ($X) constituted the largest supplier of railway or tramway passenger coaches (not self-propelled) to the UK, comprising 86% of total imports. The second position in the ranking was taken by Ireland ($X), with a 9.9% share of total imports. It was followed by Germany, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +708.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-5.1% per year) and Germany (-29.2% per year).

Import Prices by Country

The average railway passenger coach import price stood at $X per unit in 2022, rising by 7% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 11,927% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat 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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+599.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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