Asia: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in Asia

The Asian railway maintenance vehicle market dropped to $X in 2022, declining by X% against the previous year. The total consumption indicated a strong 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. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Railway Maintenance Vehicle Production in Asia

In value terms, railway maintenance vehicle production contracted to $X in 2022 estimated in export price. In general, production posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Railway Maintenance Vehicle Exports

Exports in Asia

Railway maintenance vehicle exports surged to X units in 2022, with an increase of X% against 2021. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, railway maintenance vehicle exports soared to $X in 2022. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), creating a X% share of total exports. South Korea (X units), Turkey (X units), India (X units) and Singapore (X units) followed a long way behind the leaders.

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

In value terms, China ($X) remains the largest railway maintenance vehicle supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Singapore, 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: Turkey (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price enjoyed mild growth. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the United Arab Emirates ($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 more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports in Asia

In 2022, purchases abroad of railway or tramway maintenance or service vehicles increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded notable growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, railway maintenance vehicle imports dropped dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Indonesia was the key importer of railway or tramway maintenance or service vehicles in Asia, with the volume of imports recording X units, which was near X% of total imports in 2022. India (X units) held the second position in the ranking, distantly followed by Kazakhstan (X units) and Japan (X units). All these countries together held near X% share of total imports. South Korea (X units), Thailand (X units), Lao People's Democratic Republic (X units), Singapore (X units) and China (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%) and India (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Thailand (X%), Kazakhstan (X%), Singapore (X%) and China (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), India (X p.p.), South Korea (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Thailand (X p.p.), Singapore (X p.p.), Kazakhstan (X p.p.) and China (X p.p.) displayed negative dynamics.

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

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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