Hong Kong SAR, China: Railway Goods Wagon Market 2025

Railway Goods Wagon Market Size in Hong Kong SAR, China

In 2022, the Hong Kong railway goods wagon market decreased by X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Railway Goods Wagon Production in Hong Kong SAR, China

In value terms, railway goods wagon production totaled $X in 2022 estimated in export price. Overall, the total production indicated prominent growth 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Railway Goods Wagon Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of railway or tramway goods vans and wagons (not self-propelled) were exported from Hong Kong SAR; shrinking by X% against the year before. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, railway goods wagon exports fell markedly to $X in 2022. Over the period under review, exports, however, enjoyed a measured expansion. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X units) was the main destination for railway goods wagon exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, railway goods wagon exports to the Philippines exceeded the volume sent to the second major destination, Australia (X units), threefold. Indonesia (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Indonesia (X% per year).

In value terms, the Philippines ($X), Sri Lanka ($X) and France ($X) constituted the largest markets for railway goods wagon exported from Hong Kong SAR worldwide, together comprising X% of total exports.

Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average railway goods wagon export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Indonesia ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Goods Wagon Imports

Imports into Hong Kong SAR, China

Railway goods wagon imports into Hong Kong SAR contracted sharply to X units in 2022, reducing by X% against 2021 figures. Overall, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, railway goods wagon imports reduced remarkably to $X in 2022. In general, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) was the main railway goods wagon supplier to Hong Kong SAR, with a approx. X% share of total imports.

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

In value terms, France ($X) constituted the largest supplier of railway or tramway goods vans and wagons (not self-propelled) to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest.

Import Prices by Country

The average railway goods wagon import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for France.

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

Source: IndexBox Platform

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