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Explore the World’s Best Import Markets for Railway Goods Wagons

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Global Logistics, Global Trade Daily, Imports/Exports, News, Rail

Explore the World’s Best Import Markets for Railway Goods Wagons

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When it comes to the import market for railway goods wagons, there are several key players that dominate the industry. According to the latest data from the IndexBox market intelligence platform, the world’s top 10 countries by import value of railway goods wagons in 2023 are Germany, the United States, Canada, Austria, Australia, Kazakhstan, Slovakia, Mexico, Poland, and the Czech Republic.

Read also: Export of U.S. Railway Goods Wagons Drops to $500M in 2023

1. Germany – $787.6 Million USD

Germany leads the pack with an import value of $787.6 million USD in 2023. The country’s strong demand for railway goods wagons is driven by its extensive railway network and robust economy.

2. United States – $365.8 Million USD

Coming in second is the United States with an import value of $365.8 million USD. The country’s vast railway system and need for reliable transportation of goods make it a key player in the global market for railway goods wagons.

3. Canada – $328.4 Million USD

Canada follows closely behind the United States with an import value of $328.4 million USD in 2023. The country’s diverse economy and expansive railway infrastructure contribute to its high demand for railway goods wagons.

4. Austria – $253.2 Million USD

Austria ranks fourth with an import value of $253.2 million USD. The country’s strategic location in Central Europe makes it a key import market for railway goods wagons, serving as a gateway to other European markets.

5. Australia – $177.6 Million USD

Australia rounds out the top five with an import value of $177.6 million USD. The country’s vast landscape and need for efficient transportation solutions make it a lucrative market for railway goods wagons.

6. Kazakhstan – $161.6 Million USD

Kazakhstan comes in sixth with an import value of $161.6 million USD. The country’s position as a key transit hub for goods moving between Europe and Asia contributes to its high demand for railway goods wagons.

7. Slovakia – $160.1 Million USD

Slovakia follows closely behind Kazakhstan with an import value of $160.1 million USD in 2023. The country’s strong manufacturing sector and strategic location in Central Europe make it an attractive market for railway goods wagons.

8. Mexico – $109.8 Million USD

Mexico ranks eighth with an import value of $109.8 million USD. The country’s growing economy and increasing investment in rail infrastructure drive its demand for railway goods wagons.

9. Poland – $88.7 Million USD

Poland comes in ninth with an import value of $88.7 million USD. The country’s strategic location in Central Europe and strong manufacturing sector make it a key player in the global market for railway goods wagons.

10. Czech Republic – $79.8 Million USD

Rounding out the top 10 is the Czech Republic with an import value of $79.8 million USD. The country’s advanced rail infrastructure and robust economy contribute to its high demand for railway goods wagons.

In conclusion, the world’s best import markets for railway goods wagons are driven by a combination of factors including strong rail infrastructure, robust economies, and strategic geographic locations. As these countries continue to invest in their rail networks and transportation systems, the demand for railway goods wagons is expected to remain strong in the years to come.

Source: IndexBox Market Intelligence Platform

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Global Trade Daily, Imports/Exports, Rail

Export of U.S. Railway Goods Wagons Drops to $500M in 2023

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U.S. Railway Goods Wagon Exports

In 2023, shipments abroad of railway or tramway goods vans and wagons (not self-propelled) decreased by -29.6% to 7.3K units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2019 with an increase of 95% against the previous year. As a result, the exports attained the peak of 12K units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, railway goods wagon exports reduced dramatically to $500M (IndexBox estimates) in 2023. In general, exports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2019 when exports increased by 140%. As a result, the exports attained the peak of $1B. From 2020 to 2023, the growth of the exports remained at a lower figure.

Read also: August 2023 Sees a $537M Surge in Export of Packaging Materials From the United States

Exports by Country

Mexico (5.8K units) was the main destination for railway goods wagon exports from the United States, with a 79% share of total exports. Moreover, railway goods wagon exports to Mexico exceeded the volume sent to the second major destination, Canada (1.3K units), fivefold.

From 2013 to 2023, the average annual growth rate of volume to Mexico amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-10.0% per year) and Saudi Arabia (-9.0% per year).

In value terms, Mexico ($248M), Canada ($224M) and Saudi Arabia ($28M) appeared to be the largest markets for railway goods wagon exported from the United States worldwide, together accounting for 100% of total exports.

Mexico, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the railway goods wagon price amounted to $74,835 per unit (FOB, US), reducing by -4.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $94,692 per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($175,610 per unit), while the average price for exports to Mexico ($42,779 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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Archives, Global Trade Daily, News, Rail

Steps Taken Toward First Expansion of Passenger Rail in Decades

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Amtrak and SRC submit a planning grant that will expand long-distance passenger rail service along the I-20 Corridor in the deep South.

Today, the Southern Rail Commission and Amtrak announced their application for a Federal-State Partnership for Intercity Passenger Rail Grant from the Federal Railroad Administration for the I-20 Corridor—the first concrete steps to expand long-distance passenger rail service in decades. This grant would fund planning efforts for a new passenger rail service from Fort Worth, TX, across Mississippi and Louisiana, to Atlanta, GA, and is a critical step in bringing connectivity to communities along the route.

The I-20 Corridor has been previously studied twice for passenger rail and was determined to be an excellent candidate. The corridor includes numerous underserved and historically disadvantaged communities that will benefit from better transportation options. The rail line would link communities along the route to universities and larger cities, opening the door to attracting a bright young workforce, increasing economic opportunity, and bringing a sense of place to their downtowns. Amtrak’s decision to move forward with plans for the expansion comes before the FRA’s long-distance rail study, which was mandated under the 2021 infrastructure law, demonstrating tremendous initiative to move the project forward.

 

Partnerships between freight companies and passenger rail providers have been pivotal in moving this expansion along. Freight railroad Canadian Pacific acquired the route from KC Southern, and they’ve proven to be a willing and supportive partner to passenger rail. They will work to implement service for at least one round trip per year within two years, and two round trips within four years.

Transportation for America is an advocacy organization made up of local, regional and state leaders who envision a transportation system that safely, affordably and conveniently connects people of all means and ability to jobs, services, and opportunity through multiple modes of travel. T4America is a program of Smart Growth America.

Learn more at www.t4america.org