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

Contents:

1. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in India (CIF) - 2023
2. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in India (FOB) - 2023
3. Imports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in India
4. Exports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in India

Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in India (CIF) - 2023

The average import price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses stood at $29,947 per ton in November 2023, reducing by -3.1% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 415% m-o-m. As a result, import price attained the peak level of $150K per ton. From January 2023 to November 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Hungary ($30,856 per ton), while the price for Germany stood at $28,482 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.3%).

Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in India (FOB) - 2023

The average export price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses stood at $18,633 per ton in November 2023, with a decrease of -25.9% against the previous month. In general, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 288% month-to-month. Over the period under review, the average export prices attained the peak figure at $30,762 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Australia ($36,571 per ton), while the average price for exports to the United States ($4,924 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth year in a row, India recorded growth in purchases abroad of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses, which increased by 67% to 456 tons in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 112%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses soared to $14M in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 193%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Germany (303.0 tons)
2. Hungary (135.2 tons)
3. South Africa (10.4 tons)
4. United States (5.7 tons)

Exports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in India

For the fourth year in a row, India recorded growth in shipments abroad of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses, which increased by 24% to 117 tons in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 194%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses declined dramatically to $1.2M in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 265% against the previous year.

Top Export Markets for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies from India in 2022:

1. United States (45.8 tons)
2. Austria (44.7 tons)
3. Germany (8.6 tons)
4. Brazil (7.4 tons)
5. Australia (7.4 tons)

Source: IndexBox Market Intelligence Platform