China: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in China

The Chinese railway maintenance vehicle market reduced to $X in 2021, with a decrease of -10.1% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Railway Maintenance Vehicle Production in China

In value terms, railway maintenance vehicle production declined to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports from China

After two years of decline, overseas shipments of railway or tramway maintenance or service vehicles increased by 171% to X units in 2021. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, railway maintenance vehicle exports skyrocketed to $X in 2021. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 153% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

South Korea (X units), the United Arab Emirates (X units) and Mongolia (X units) were the main destinations of railway maintenance vehicle exports from China, together comprising 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +332.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and the United Arab Emirates ($X) appeared to be the largest markets for railway maintenance vehicle exported from China worldwide, together comprising 61% of total exports.

South Korea, with a CAGR of +709.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2021, waning by -25.5% against the previous year. Overall, the export price showed a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 73%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+133.5%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports into China

In 2021, imports of railway or tramway maintenance or service vehicles into China dropped markedly to X units, declining by -30% compared with the previous year's figure. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 290%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, railway maintenance vehicle imports dropped to $X in 2021. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 773%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of railway maintenance vehicle to China, accounting for a 83% share of total imports. Moreover, railway maintenance vehicle imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-19.1% per year) and Russia (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of railway or tramway maintenance or service vehicles to China, comprising 80% of total imports. The second position in the ranking was taken by Austria ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-19.9% per year) and Russia (-6.1% per year).

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2021, rising by 29% against the previous year. In general, the import price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of 139% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+52.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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