Benelux: Railway Passenger Coach Market 2024

Railway Passenger Coach Market Size in Benelux

The Benelux railway passenger coach market declined notably to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, recorded a modest expansion. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Railway Passenger Coach Production in Benelux

In value terms, railway passenger coach production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Railway Passenger Coach Exports

Exports in Benelux

In 2022, the amount of railway or tramway passenger coaches (not self-propelled) exported in Benelux fell markedly to X units, waning by X% on the previous year's figure. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, railway passenger coach exports shrank significantly to $X in 2022. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the key exporting country with an export of about X units, which reached X% of total exports. Luxembourg (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%).

From 2012 to 2022, average annual rates of growth with regard to railway passenger coach exports from the Netherlands stood at X%. At the same time, Luxembourg (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%) illustrated a downward trend over the same period. Luxembourg (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) emerged as the largest railway passenger coach supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Luxembourg ($X), with a X% share of total exports.

In the Netherlands, railway passenger coach exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Luxembourg (X% per year) and Belgium (X% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 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 Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the other leaders experienced a decline in the export price figures.

Railway Passenger Coach Imports

Imports in Benelux

In 2022, approx. X units of railway or tramway passenger coaches (not self-propelled) were imported in Benelux; increasing by X% against 2021. In general, imports recorded a significant expansion. The volume of import peaked at X units in 2016; however, from 2017 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 saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Belgium was the largest importer of railway or tramway passenger coaches (not self-propelled) in Benelux, with the volume of imports resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Luxembourg (X units), mixing up a X% share of total imports. The Netherlands (X units) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the railway or tramway passenger coaches (not self-propelled) imports, with a CAGR of X% from 2012 to 2022. At the same time, Luxembourg (X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. While the share of Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (X p.p.) and Luxembourg (X p.p.) displayed negative dynamics.

In value terms, the largest railway passenger coach importing markets in Benelux were Belgium ($X), Luxembourg ($X) and the Netherlands ($X).

Among the main importing countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price faced a dramatic slump. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform