Asia-Pacific: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Asia-Pacific

The Asia-Pacific market for railway or tramway track construction material of iron or steel stood at $X in 2021, standing approx. at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Asia-Pacific

In value terms, production of railway or tramway track construction material of iron or steel rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16%. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports in Asia-Pacific

In 2021, exports of railway or tramway track construction material of iron or steel in Asia-Pacific rose remarkably to X tons, growing by 5.4% on the previous year. In general, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 with an increase of 17% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 19%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Japan (X tons) prevails in steel structure, together achieving 90% of total exports. Australia (X tons), India (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of -1.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest iron and steel railway construction materials supplying countries in Asia-Pacific were China ($X), Japan ($X) and India ($X), with a combined 88% share of total exports. These countries were followed by South Korea and Australia, which together accounted for a further 9.3%.

In terms of the main exporting countries, South Korea, with a CAGR of +3.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the export price, however, recorded a mild shrinkage. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the other leaders experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports in Asia-Pacific

In 2021, overseas purchases of railway or tramway track construction material of iron or steel decreased by -1.2% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a slight reduction. The growth pace was the most rapid in 2018 when imports increased by 41% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel stood at $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 42% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons), distantly followed by China (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Vietnam (X tons), Australia (X tons) and Bangladesh (X tons) were the largest importers of railway or tramway track construction material of iron or steel, together constituting 72% of total imports. Lao People's Democratic Republic (X tons), South Korea (X tons), Singapore (X tons), Malaysia (X tons), Pakistan (X tons) and New Zealand (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. These countries were followed by Australia, Taiwan (Chinese), Vietnam, Bangladesh, New Zealand, Singapore, South Korea, Malaysia, Lao People's Democratic Republic and Pakistan, which together accounted for a further 49%.

Bangladesh, with a CAGR of +17.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 14%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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