Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in the Philippines - 2023

Contents:

1. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in the Philippines (CIF) - 2022
2. Imports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in the Philippines

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

In 2022, the average import price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses amounted to $21,575 per ton, jumping by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 303% against the previous year. The import price peaked at $21,838 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($21,759 per ton), while the price for Japan totaled $21,192 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+47.0%).

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

In 2022, purchases abroad of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses decreased by -29.8% to 80 kg, falling for the second consecutive year after two years of growth. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,246%. As a result, imports reached the peak of 175 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses declined dramatically to $1.7K in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,789%.

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

1. Spain (54.0 kg)
2. Japan (26.0 kg)

Source: IndexBox Market Intelligence Platform