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

Contents:

1. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Japan (FOB) - 2022
2. Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Japan (CIF) - 2023
3. Exports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Japan
4. Imports of Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Japan

Price for Railway or Tramway Locomotives or Rolling Stock; Parts, Driving Bogies and Bissel-Bogies in Japan (FOB) - 2022

The average export price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses stood at $22,800 per ton in 2022, declining by -24.7% against the previous year. Overall, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 45%. The export price peaked at $34,440 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($46,810 per ton), while the average price for exports to Australia ($1,306 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.0%), while the prices for the other major destinations experienced a decline.

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

In September 2023, the average import price for railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses amounted to $19,229 per ton, stabilizing at the previous month. Over the period under review, the import price recorded tangible growth. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 214% m-o-m. As a result, import price reached the peak level of $26,209 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From September 2022 to September 2023, the rate of growth in terms of prices for Australia amounted to +4.6% per month.

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

For the third consecutive year, Japan recorded decline in shipments abroad of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses, which decreased by -14.6% to 592 tons in 2022. Over the period under review, exports recorded a precipitous curtailment.

In value terms, exports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses dropped notably to $14M in 2022. In general, exports faced a significant curtailment.

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

1. South Korea (268.5 tons)
2. China (123.8 tons)
3. Taiwan (Chinese) (79.8 tons)
4. Bangladesh (76.1 tons)
5. Singapore (28.6 tons)
6. Australia (14.2 tons)

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

In 2022, approx. 151 tons of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses were imported into Japan; with a decrease of -37.4% against the previous year's figure. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,362% against the previous year. As a result, imports reached the peak of 241 tons, and then contracted notably in the following year.

In value terms, imports of railway or tramway locomotives or rolling stock; parts, driving bogies and bissel-bogieses totaled $8.9M in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 923% against the previous year. Over the period under review, imports of reached the maximum 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 Japan in 2022:

1. Australia (137.9 tons)
2. Germany (13.3 tons)

Source: IndexBox Market Intelligence Platform