Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea - 2022

Contents:

1. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea (FOB) - 2022
2. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea (CIF) - 2022
3. Exports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea
4. Imports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea

Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea (FOB) - 2022

In 2022, the average export price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses amounted to $38,336 per ton, surging by 67% against the previous year. Overall, the export price posted a resilient expansion. The growth pace was the most rapid in 2013 when the average export price increased by 135%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($323,205 per ton), while the average price for exports to Italy ($26,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+102.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea (CIF) - 2022

The average import price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses stood at $57,172 per ton in 2022, which is down by -39.1% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $93,870 per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($95,180 per ton), while the price for Japan ($55,855 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea

In 2022, approx. 90 tons of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses were exported from South Korea; with an increase of 50% against 2021. Overall, exports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2020 when exports increased by 90%. As a result, the exports reached the peak of 192 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses skyrocketed to $3.4M in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 315% against the previous year. As a result, the exports reached the peak of $6.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies from South Korea in 2022:

1. Bangladesh (54.4 tons)
2. Italy (35.0 tons)
3. Kazakhstan (0.2 tons)

Imports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in South Korea

In 2022, supplies from abroad of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses was finally on the rise to reach 19 tons after two years of decline. Overall, imports, however, showed a significant decrease.

In value terms, imports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses shrank notably to $1.1M in 2022. Over the period under review, imports, however, showed a sharp decline. The smallest decline of -20.3% was in 2020.

Top Suppliers of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies to South Korea in 2022:

1. Japan (16.6 tons)
2. Belgium (1.5 tons)
3. Netherlands (0.5 tons)

Source: IndexBox Market Intelligence Platform