Railway Goods Wagon Market Overview in Hungary
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.
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.