Hong Kong SAR, China: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Hong Kong SAR, China

In 2021, the Hong Kong railway maintenance vehicle market increased by 145% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption enjoyed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Railway Maintenance Vehicle Production in Hong Kong SAR, China

In value terms, railway maintenance vehicle production surged to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 120% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports from Hong Kong SAR, China

Railway maintenance vehicle exports from Hong Kong SAR stood at X units in 2021, standing approx. at the year before. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2015 with an increase of 825%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, railway maintenance vehicle exports soared to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,424% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for railway maintenance vehicle exports from Hong Kong SAR, with a approx. 50% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest.

In value terms, China ($X) remains the key foreign market for railway or tramway maintenance or service vehicles exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+24.7% per year) and Germany (-3.4% per year).

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2021, with an increase of 20% against the previous year. In general, the export price recorded a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 1,028%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 China ($X per unit), while the average price for exports to Germany ($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 China (+84.2%), while the prices for the other major destinations experienced mixed trend patterns.

Railway Maintenance Vehicle Imports

Imports into Hong Kong SAR, China

In 2021, imports of railway or tramway maintenance or service vehicles into Hong Kong SAR skyrocketed to X units, growing by 444% on the previous year's figure. Over the period under review, imports recorded a significant expansion. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, railway maintenance vehicle imports soared to $X in 2021. In general, imports saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 978%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of railway maintenance vehicle to Hong Kong SAR, accounting for a 67% share of total imports. Moreover, railway maintenance vehicle imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Austria (X units), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.3% per year) and Austria (+26.0% per year).

In value terms, Austria ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest railway maintenance vehicle suppliers to Hong Kong SAR, together accounting for 62% of total imports.

Among the main suppliers, Germany, with a CAGR of +110.2%, saw the highest rates of growth with regard to 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 2021, the average railway maintenance vehicle import price amounted to $X per unit, growing by 3.7% against the previous year. Over the period under review, the import price showed a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of 1,335%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+31.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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