New Zealand: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in New Zealand

The New Zealand railway maintenance vehicle market declined to $X in 2022, waning by X% against the previous year. Overall, consumption, however, posted prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Railway Maintenance Vehicle Production in New Zealand

In value terms, railway maintenance vehicle production shrank to $X in 2022 estimated in export price. In general, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Railway Maintenance Vehicle Exports

Exports from New Zealand

In 2022, approx. X units of railway or tramway maintenance or service vehicles were exported from New Zealand; stabilizing at 2021. In general, exports showed a sharp reduction. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, railway maintenance vehicle exports fell markedly to $X in 2022. Over the period under review, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for railway maintenance vehicle exports from New Zealand, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia was relatively modest.

In value terms, Australia ($X) also remains the key foreign market for railway or tramway maintenance or service vehicles exports from New Zealand.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled X%.

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Railway Maintenance Vehicle Imports

Imports into New Zealand

After two years of growth, purchases abroad of railway or tramway maintenance or service vehicles decreased by X% to X units in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, railway maintenance vehicle imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of railway maintenance vehicle to New Zealand, accounting for a X% share of total imports. Moreover, railway maintenance vehicle imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), ninefold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

In value terms, the largest railway maintenance vehicle suppliers to New Zealand were Australia ($X), China ($X) and France ($X), with a combined X% share of total imports.

Among the main suppliers, China, 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 mixed trend patterns.

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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