Rail cars’ production declines in Russia
The demand for passenger and freight rail cars in Russia is estimated at about 3000-4000 units per year, according to Dmitry Baranov, a senior analyst of Finam Management, one of Russia’s leading analyst agencies in the field of finance.
According to him, the economic crisis in Russia and devaluation of national currency – ruble, caused by Western sanctions, has resulted in a significant decline of production of rail cars in Russia.
According to data of Rosstat (Federal State Statistics Service), the production of long-distance passenger rail cars in Russia in 2014 decreased by 3.3 times, compared to 2013, the production of suburban cars by 4.4 times, while freight rail cars by 2.3 times.
At the same time the production of shunting locomotives declined by1.9 times, while trams by 15 times.
In the meantime, according to state plans, despite high demand for rail cars in the domestic market, Russian companies still have plans to continue exports of their cars to abroad this year, as exports remain more profitable for them than the supplies to the domestic market.