In 2023, Germany led global imports of air brakes and parts for railway rolling stock, followed by China, Italy, and Hungary. Significant year-on-year changes included Denmark's notable 20.46% growth and Bolivia's impressive 49.79% increase. Conversely, Ukraine and Egypt saw substantial declines of 17.69% and 18.72% respectively. Over the last five years, the compound annual growth rate (CAGR) highlighted steady growth in emerging markets, contrasted by moderate growth or declines in more developed regions.
Future trends to watch include the rapid modernization and expansion of railway infrastructure in Asia and Africa, as well as technological advancements in air brake systems that may influence global import patterns. Additionally, the shift towards greener railway technologies might affect traditional market dynamics.
Top countries in Import of Air Brakes and Parts Thereof for Railway Rolling Stock by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 561,060,000 | 2023 | +3.65% | +3.1% | View data |
| 2 | 2 China | 190,890,000 | 2023 | -2.52% | +0.57% | View data |
| 3 | 3 Italy | 109,270,000 | 2023 | +3.93% | +3.74% | View data |
| 4 | 4 Hungary | 87,586,000 | 2023 | +2.29% | +2.86% | View data |
| 5 | 5 United Kingdom | 82,965,000 | 2023 | +3.71% | +5.45% | View data |
| 6 | 6 United States | 71,943,000 | 2023 | -0.58% | +0.21% | View data |
| 7 | 7 Spain | 64,067,000 | 2023 | +1.9% | +0.15% | View data |
| 8 | 8 Mexico | 47,166,000 | 2023 | +1.35% | +2.61% | View data |
| 9 | 9 Austria | 44,578,000 | 2023 | -5.61% | -6.11% | View data |
| 10 | 10 Switzerland | 43,339,000 | 2023 | +0.96% | +2.35% | View data |
