Middle East: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in the Middle East

The Middle Eastern railway goods wagon market reached $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Railway Goods Wagon Production in the Middle East

In value terms, railway goods wagon production stood at $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Railway Goods Wagon Exports

Exports in the Middle East

In 2022, shipments abroad of railway or tramway goods vans and wagons (not self-propelled) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a measured increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted modestly in the following year.

In value terms, railway goods wagon exports plummeted to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Turkey was the key exporter of railway or tramway goods vans and wagons (not self-propelled) in the Middle East, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Kuwait (X units), creating a X% share of total exports. The following exporters - the United Arab Emirates (X units) and Oman (X units) - together made up X% of total exports.

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

In value terms, Turkey ($X) remains the largest railway goods wagon supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 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 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Railway Goods Wagon Imports

Imports in the Middle East

In 2022, supplies from abroad of railway or tramway goods vans and wagons (not self-propelled) increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a temperate increase. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, railway goods wagon imports soared to $X in 2022. Overall, imports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Qatar (X units), mixing up an X% share of total imports. Turkey (X units) and Iran (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to railway goods wagon imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) and Iran (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported railway or tramway goods vans and wagons (not self-propelled) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 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 Iran ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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