Asia-Pacific: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in Asia-Pacific

The Asia-Pacific railway maintenance vehicle market dropped to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined in the following year.

Railway Maintenance Vehicle Production in Asia-Pacific

In value terms, railway maintenance vehicle production shrank slightly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in shipments abroad of railway or tramway maintenance or service vehicles, which increased by X% to X units in 2022. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, railway maintenance vehicle exports surged to $X in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X units), comprising a X% share of total exports. The following exporters - India (X units), Singapore (X units) and Australia (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Singapore (X%), Australia (X%) and India (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. China (X p.p.), South Korea (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Australia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest railway maintenance vehicle supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, railway maintenance vehicle exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with an increase of X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, railway maintenance vehicle export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Railway Maintenance Vehicle Imports

Imports in Asia-Pacific

In 2022, imports of railway or tramway maintenance or service vehicles in Asia-Pacific rose rapidly to X units, surging by X% against 2021 figures. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, railway maintenance vehicle imports reduced dramatically to $X in 2022. In general, imports posted notable growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Indonesia was the largest importer of railway or tramway maintenance or service vehicles in Asia-Pacific, with the volume of imports recording X units, which was approx. X% of total imports in 2022. It was distantly followed by India (X units) and Japan (X units), together generating a X% share of total imports. South Korea (X units), Australia (X units), Thailand (X units), Lao People's Democratic Republic (X units), Singapore (X units), China (X units) and Vietnam (X units) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the railway or tramway maintenance or service vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%), South Korea (X%), Vietnam (X%) and India (X%) displayed positive paces of growth. Japan and Australia experienced a relatively flat trend pattern. By contrast, Thailand (X%), Singapore (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, India, South Korea and Lao People's Democratic Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. South Korea, China, Thailand, Australia, Singapore, Vietnam and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X,107 per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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