New Zealand: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in New Zealand

The New Zealand railway maintenance vehicle market shrank markedly to $X in 2021, waning by -40.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a noticeable expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports from New Zealand

In 2021, after two years of growth, there was significant decline in overseas shipments of railway or tramway maintenance or service vehicles, when their volume decreased by -80% to X units. Overall, exports recorded a significant curtailment. The growth pace was the most rapid in 2020 when exports increased by 400% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, railway maintenance vehicle exports shrank dramatically to $X in 2021. Over the period under review, exports faced a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 380% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, 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. 100% share of total exports.

From 2012 to 2021, the average annual growth rate 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 2021, the average annual rate of growth in terms of value to Australia totaled -4.0%.

Export Prices by Country

In 2021, the average railway maintenance vehicle export price amounted to $X per unit, which is down by -22% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 183% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +323.0% per year.

Railway Maintenance Vehicle Imports

Imports into New Zealand

In 2021, approx. X units of railway or tramway maintenance or service vehicles were imported into New Zealand; with a decrease of -41.6% compared with the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 8,547%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, railway maintenance vehicle imports dropped dramatically to $X in 2021. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 901% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest railway maintenance vehicle supplier to New Zealand, with a 57% share of total imports. Moreover, railway maintenance vehicle imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. Australia (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+12.5% per year) and Australia (-22.6% per year).

In value terms, the largest railway maintenance vehicle suppliers to New Zealand were Sweden ($X), China ($X) and Italy ($X), together comprising 51% of total imports.

Among the main suppliers, China, with a CAGR of +58.3%, recorded 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, falling by -3.3% against the previous year. Overall, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 308%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :