Russian Federation: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in the Russian Federation

In 2021, the Russian railway maintenance vehicle market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Railway Maintenance Vehicle Production in the Russian Federation

In value terms, railway maintenance vehicle production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible decrease. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Railway Maintenance Vehicle Exports

Exports from the Russian Federation

In 2021, shipments abroad of railway or tramway maintenance or service vehicles decreased by -31.8% to X units, falling for the second consecutive year after four years of growth. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 165%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, railway maintenance vehicle exports expanded rapidly to $X in 2021. In general, exports faced a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 56% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of railway maintenance vehicle exports from Russia, together accounting for 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +23.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for railway or tramway maintenance or service vehicles exports from Russia, comprising 45% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-28.0% per year) and Ukraine (-2.4% per year).

Export Prices by Country

In 2021, the average railway maintenance vehicle export price amounted to $X per unit, rising by 59% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to China ($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 Guinea (+62.4%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports into the Russian Federation

In 2021, purchases abroad of railway or tramway maintenance or service vehicles increased by 58% to X units, rising for the third consecutive year after four years of decline. Overall, imports, however, recorded a dramatic decrease. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, railway maintenance vehicle imports soared to $X in 2021. In general, imports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2018 with an increase of 114% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of railway maintenance vehicle imports to Russia, together accounting for 84% of total imports. Sweden lagged somewhat behind, comprising a further 5.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of railway or tramway maintenance or service vehicles to Russia, comprising 41% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.4% share of total imports. It was followed by the UK, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-25.7% per year) and the UK (0.0% per year).

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2021, waning by -18.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 134% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 the Czech Republic ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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