Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in the Philippines - 2023

Contents:

1. Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in the Philippines (CIF) - 2022
2. Imports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in the Philippines

Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in the Philippines (CIF) - 2022

The average import price for railway or tramway goods vans and wagons; covered and closed, not self-propelleds stood at $161 per unit in 2022, surging by 68% against the previous year. Over the period under review, the import price saw resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 69% against the previous year. The import price peaked at $198 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($412 per unit), while the price for Germany ($2.8 per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+25.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in the Philippines

For the third consecutive year, the Philippines recorded decline in purchases abroad of railway or tramway goods vans and wagons; covered and closed, not self-propelleds, which decreased by -30.2% to 1.4K units in 2022. In general, imports showed a sharp curtailment. Over the period under review, imports of hit record highs at 36K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of railway or tramway goods vans and wagons; covered and closed, not self-propelleds surged to $221K in 2022. Over the period under review, imports recorded a precipitous setback. Over the period under review, imports of attained the peak figure at $7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled to the Philippines in 2022:

1. Japan (935.0 units)
2. Hong Kong SAR (301.0 units)
3. Taiwan (Chinese) (37.0 units)
4. Singapore (37.0 units)
5. Germany (37.0 units)

Source: IndexBox Market Intelligence Platform