Australia: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in Australia

The Australian railway maintenance vehicle market reduced sharply to $X in 2022, which is down by X% against the previous year. In general, consumption, however, showed resilient growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Railway Maintenance Vehicle Production in Australia

In value terms, railway maintenance vehicle production surged to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports from Australia

In 2022, railway maintenance vehicle exports from Australia surged to X units, rising by X% against 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, railway maintenance vehicle exports skyrocketed to $X in 2022. In general, exports recorded a modest expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), New Zealand (X units) and the Philippines (X units) were the main destinations of railway maintenance vehicle exports from Australia, with a combined X% share of total exports. Moreover, railway maintenance vehicle exports in Indonesia exceeded the figures recorded by the second-largest exporter, New Zealand, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for railway maintenance vehicle exported from Australia were Indonesia ($X), New Zealand ($X) and South Africa ($X), together accounting for X% of total exports. Singapore, the United States, Italy, Brazil, the Philippines, the UK, Japan and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average railway maintenance vehicle export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to the Netherlands ($X 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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Railway Maintenance Vehicle Imports

Imports into Australia

In 2022, the amount of railway or tramway maintenance or service vehicles imported into Australia dropped rapidly to X units, which is down by X% compared with the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, railway maintenance vehicle imports declined notably to $X in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X units), Germany (X units) and the UK (X units) were the main suppliers of railway maintenance vehicle imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of railway or tramway maintenance or service vehicles to Australia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average railway maintenance vehicle import price amounted to $X per unit, leveling off at the previous year. In general, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X,772 per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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