Thailand: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Thailand

The Thai railway maintenance vehicle market rose slightly to $X in 2021, increasing by 3.8% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Railway maintenance vehicle consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Railway Maintenance Vehicle Production in Thailand

In value terms, railway maintenance vehicle production contracted to $X in 2021 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 526% against the previous year. Railway maintenance vehicle production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports from Thailand

In 2021, overseas shipments of railway or tramway maintenance or service vehicles decreased by -69.2% to X units, falling for the second year in a row after three years of growth. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 467% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, railway maintenance vehicle exports dropped remarkably to $X in 2021. In general, exports saw a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of 202%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X units), Hong Kong SAR (X units) and China (X units) were the main destinations of railway maintenance vehicle exports from Thailand. Moreover, railway maintenance vehicle exports in Lao People's Democratic Republic exceeded the figures recorded by the second-largest exporter, Hong Kong SAR, twofold.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +8.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for railway or tramway maintenance or service vehicles exports from Thailand, comprising 95% of total exports. The second position in the ranking was held by China ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Lao People's Democratic Republic amounted to -30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Hong Kong SAR (-30.1% per year).

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2021, with a decrease of -97.2% against the previous year. In general, the export price showed a sharp setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 136% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Hong Kong SAR ($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 Hong Kong SAR (-1.1%), while the prices for the other major destinations experienced a decline.

Railway Maintenance Vehicle Imports

Imports into Thailand

In 2021, after two years of decline, there was significant growth in supplies from abroad of railway or tramway maintenance or service vehicles, when their volume increased by 15% to X units. Overall, imports, however, saw a deep setback. The growth pace was the most rapid in 2014 when imports increased by 855%. Over the period under review, imports reached the maximum 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. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 1,122%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), South Korea (X units) and Austria (X units) were the main suppliers of railway maintenance vehicle imports to Thailand, together accounting for 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +21.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of railway or tramway maintenance or service vehicles to Thailand, comprising 66% of total imports. The second position in the ranking was taken by Austria ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-18.4% per year) and South Korea (+24.2% per year).

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2021, surging by 34% against the previous year. In general, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 United States ($X per unit), while the price for the UK ($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 United States (+51.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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