Railway Goods Wagon Market Overview in Hungary
Market Overview
In 2019, the Hungarian railway goods wagon market increased by 
% to $ for the first time since 2014, thus ending a four-year declining trend. In general, the total consumption indicated a mild expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
In value terms, railway goods wagon production skyrocketed to $ in 2019 estimated in export prices. Overall, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.
% to $ for the first time since 2014, thus ending a four-year declining trend. In general, the total consumption indicated a mild expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.In value terms, railway goods wagon production skyrocketed to $
in 2019 estimated in export prices. Overall, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.Consumption
In 2019, approx. units of railway or tramway goods vans and wagons (not self-propelled) were consumed in Hungary; jumping by % on 2018. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Railway goods wagon consumption peaked in 2019 and is likely to see gradual growth in the near future.
The size of the railway goods wagon market in Hungary surged to $ in 2019, with an increase of % 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). Over the period under review, the total consumption indicated a modest increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
units of railway or tramway goods vans and wagons (not self-propelled) were consumed in Hungary; jumping by % on 2018. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Railway goods wagon consumption peaked in 2019 and is likely to see gradual growth in the near future.The size of the railway goods wagon market in Hungary surged to $
in 2019, with an increase of % 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). Over the period under review, the total consumption indicated a modest increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
The railway goods wagon market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eleven-year period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the eleven-year period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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