Asia: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Asia

The Asian railway passenger coach market rose notably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Railway Passenger Coach Production in Asia

In value terms, railway passenger coach production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Railway Passenger Coach Exports

Exports in Asia

In 2022, shipments abroad of railway or tramway passenger coaches (not self-propelled) increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, railway passenger coach exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a noticeable setback. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) represented the main exporter of railway or tramway passenger coaches (not self-propelled), generating X% of total exports. It was distantly followed by Thailand (X units), making up an X% share of total exports. Japan (X units), Turkey (X units), South Korea (X units) and India (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to railway passenger coach exports from China stood at X%. At the same time, Thailand (X%), India (X%), South Korea (X%), Turkey (X%) and Japan (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand, Turkey and India increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. India, Turkey and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X,854 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X,429 per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Railway Passenger Coach Imports

Imports in Asia

In 2022, the amount of railway or tramway passenger coaches (not self-propelled) imported in Asia skyrocketed to X units, jumping by X% compared with the year before. Overall, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, railway passenger coach imports declined rapidly to $X in 2022. In general, imports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Israel (X units) and the Philippines (X units) prevails in imports structure, together achieving X% of total imports. It was distantly followed by Thailand (X units), creating an X% share of total imports. Turkmenistan (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkmenistan ($X) constitutes the largest market for imported railway or tramway passenger coaches (not self-propelled) in Asia, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkmenistan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkmenistan ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform