Railway Goods Wagon Market

The global market for railway or tramway goods vans and wagons (not self-propelled) is forecasted to see an upward consumption trend over the next eight years, with a projected CAGR of +0.8% in volume terms and +3.1% in value terms. Brazil leads the market in both consumption and production, with impressive growth rates in both volume and value terms. Import and export trends show fluctuations in prices and volumes, with the UK, the United States, and China being the main exporters of railway goods wagons.

Market Forecast

Driven by increasing demand for railway or tramway goods vans and wagons (not self-propelled) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 7.7M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $337B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Railway Or Tramway Goods Vans And Wagons (Not Self-Propelled)

In 2022, approx. 7.3M units of railway or tramway goods vans and wagons (not self-propelled) were consumed worldwide; jumping by 47% against the previous year's figure. Over the period under review, consumption saw a significant increase. As a result, consumption attained the peak volume of 9.6M units. From 2021 to 2022, the growth of the global consumption remained at a lower figure.

The global railway goods wagon market revenue skyrocketed to $264.8B in 2022, with an increase of 46% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level of $348.7B. From 2021 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

Brazil (7M units) constituted the country with the largest volume of railway goods wagon consumption, comprising approx. 96% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Brazil stood at +105.5%.

In value terms, Brazil ($252.2B) led the market, alone.

In Brazil, the railway goods wagon market expanded at an average annual rate of +105.4% over the period from 2012-2022.

From 2012 to 2022, the average annual growth rate of the railway goods wagon per capita consumption in Brazil stood at +103.8%.

Production

World Production of Railway Or Tramway Goods Vans And Wagons (Not Self-Propelled)

In 2022, the amount of railway or tramway goods vans and wagons (not self-propelled) produced worldwide skyrocketed to 7.3M units, growing by 47% compared with 2021 figures. Overall, production enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,718% against the previous year. Over the period under review, global production attained the maximum volume at 60M units in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, railway goods wagon production stood at $14.2B in 2022 estimated in export price. Over the period under review, production showed a modest increase. The growth pace was the most rapid in 2018 when the production volume increased by 1,655%. As a result, production reached the peak level of $1,538B. From 2019 to 2022, global production growth remained at a lower figure.

Production By Country

Brazil (7M units) constituted the country with the largest volume of railway goods wagon production, accounting for 96% of total volume.

In Brazil, railway goods wagon production increased at an average annual rate of +105.0% over the period from 2012-2022.

Imports

World Imports of Railway Or Tramway Goods Vans And Wagons (Not Self-Propelled)

In 2022, after two years of decline, there was significant growth in overseas purchases of railway or tramway goods vans and wagons (not self-propelled), when their volume increased by 12% to 53K units. In general, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 15%. Global imports peaked at 79K units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, railway goods wagon imports totaled $3B in 2022. Overall, imports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by 29% against the previous year. Global imports peaked at $5B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

Germany (7.2K units) and Canada (6.5K units) represented the key importers of railway or tramway goods vans and wagons (not self-propelled) in 2022, recording approx. 14% and 12% of total imports, respectively. The Netherlands (3.1K units) ranks next in terms of the total imports with a 5.9% share, followed by Mongolia (5.6%), Russia (5.6%), Sweden (5.4%) and Austria (5.2%). The United States (2.4K units), Poland (2.4K units), Kazakhstan (1.8K units), Australia (1.8K units), Belarus (1.6K units) and Slovakia (1.5K units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +64.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($559M), Germany ($515M) and the United States ($268M) appeared to be the countries with the highest levels of imports in 2022, together comprising 45% of global imports.

The United States, with a CAGR of +61.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average railway goods wagon import price amounted to $56,422 per unit, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2021 an increase of 31%. Global import price peaked at $63,088 per unit in 2012; however, from 2013 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 Australia ($125,472 per unit), while Sweden ($766 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+7.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Railway Or Tramway Goods Vans And Wagons (Not Self-Propelled)

In 2022, overseas shipments of railway or tramway goods vans and wagons (not self-propelled) increased by 31% to 67K units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 7,275% against the previous year. The global exports peaked at 60M units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, railway goods wagon exports rose notably to $3B in 2022. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 50%. Over the period under review, the global exports attained the maximum at $7.3B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, the UK (18K units), distantly followed by the United States (11K units), China (10K units), Slovakia (5.7K units) and Russia (3.3K units) were the main exporters of railway or tramway goods vans and wagons (not self-propelled), together making up 71% of total exports. Croatia (2.1K units), Belarus (2.1K units), Poland (2K units), Germany (1.8K units), Romania (1.7K units), Bulgaria (1.5K units) and Mexico (1.2K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the UK (with a CAGR of +25.8%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($815M), Slovakia ($433M) and China ($398M) constituted the countries with the highest levels of exports in 2022, together accounting for 54% of global exports. Poland, Croatia, Mexico, Romania, Bulgaria, Russia, Germany, Belarus and the UK lagged somewhat behind, together accounting for a further 37%.

Croatia, with a CAGR of +20.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average railway goods wagon export price stood at $45,557 per unit in 2022, with a decrease of -19.4% against the previous year. In general, the export price recorded a slight contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 162,746%. Over the period under review, the average export prices hit record highs at $63,324 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($135,667 per unit), while the UK ($197 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+12.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform