Report Update: May 1, 2024

Hong Kong SAR, China - Railway Or Tramway Goods Vans And Wagons (Not Self-Propelled) - Market Analysis, Forecast, Size, Trends and Insights

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Railway Goods Wagon Price in Hong Kong SAR - 2023

Railway Goods Wagon Price in Hong Kong SAR (CIF) - 2022

The average railway goods wagon import price stood at $51,063 per unit in 2022, with an increase of 44% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 175%. The import price peaked at $119,541 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($252,013 per unit), while the price for Sweden ($2,124 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Railway Goods Wagon Price in Hong Kong SAR (FOB) - 2022

In 2022, the average railway goods wagon export price amounted to $4,426 per unit, rising by 6.6% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 319% against the previous year. As a result, the export price reached the peak level of $9,139 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($13,434 per unit), while the average price for exports to Germany ($878 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+78.9%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Goods Wagon Imports in Hong Kong SAR

In 2022, railway goods wagon imports into Hong Kong SAR dropped significantly to 14 units, which is down by -65.9% against 2021. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 4,000%. As a result, imports reached the peak of 41 units, and then contracted notably in the following year.

In value terms, railway goods wagon imports dropped significantly to $729K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 6,125%. As a result, imports reached the peak of $1.4M, and then contracted remarkably in the following year.

Import of Railway Goods Wagon in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	90.1	0.1	1,193	560	83.9%
Germany	264	8.9	223	112	-24.9%
United Kingdom	24.6	0.7	3.4	54.1	30.0%
Belgium	2.3	N/A	N/A	N/A	0%
Italy	N/A	13.0	N/A	N/A	0%
Others	13.4	0.3	16.6	3.5	-36.1%
Total	394	23.1	1,436	729	22.8%

Top Suppliers of Railway Goods Wagon to Hong Kong SAR in 2022:

China (10.0 units)
United Kingdom (3.0 units)

Railway Goods Wagon Exports in Hong Kong SAR

Railway goods wagon exports from Hong Kong SAR dropped sharply to 8 units in 2022, which is down by -46.7% on 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 400%. As a result, the exports reached the peak of 15 units, and then dropped rapidly in the following year.

In value terms, railway goods wagon exports fell sharply to $37K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 334%. As a result, the exports attained the peak of $61K, and then dropped remarkably in the following year.

Export of Railway Goods Wagon in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	N/A	8.9	24.6	25.0	67.6%
Australia	N/A	2.6	6.1	5.3	42.8%
Malaysia	N/A	1.2	4.7	4.8	100.0%
Germany	N/A	1.2	2.7	2.1	32.3%
Nigeria	12.0	N/A	22.4	N/A	36.6%
Philippines	0.1	N/A	N/A	N/A	0%
Others	0.1	0.1	N/A	N/A	0.0%
Total	12.2	14.0	60.6	37.3	45.1%

Top Export Markets for Railway Goods Wagon from Hong Kong SAR in 2022:

Malaysia (2.0 units)
Australia (2.0 units)
Germany (2.0 units)
France (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the railway goods wagon market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30203300 - Railway or tramway goods vans and wagons, not selfpropelled

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023