Asia-Pacific: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in Asia-Pacific

In 2021, the Asia-Pacific railway track fixture market decreased by -0.5% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, recorded a noticeable increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Railway Track Fixture Production in Asia-Pacific

In value terms, railway track fixture production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Railway Track Fixture Exports

Exports in Asia-Pacific

After two years of decline, shipments abroad of railway or tramway track fixtures and fittings increased by 35% to X tons in 2021. In general, exports continue to indicate slight growth. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, railway track fixture exports skyrocketed to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 81% of total exports in 2021. It was distantly followed by India (X tons), committing a 9.6% share of total exports. The following exporters - Australia (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) - each reached a 6.2% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of railway or tramway track fixtures and fittings. At the same time, India (+19.9%), Australia (+10.8%), South Korea (+10.4%) and Taiwan (Chinese) (+1.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +19.9% from 2012-2021. While the share of India (+7.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest railway track fixture supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9.5% share of total exports. It was followed by India, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+18.3% per year) and India (+14.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 an increase of 24% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while India ($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 (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Railway Track Fixture Imports

Imports in Asia-Pacific

Railway track fixture imports stood at X tons in 2021, rising by 4.6% against 2020. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +11.6% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 26%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, railway track fixture imports shrank sharply to $X in 2021. In general, imports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2018 when imports increased by 19%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the seven major importers of railway or tramway track fixtures and fittings, namely Singapore, Malaysia, Lao People's Democratic Republic, Australia, Taiwan (Chinese), India and Indonesia, represented more than two-thirds of total import. The following importers - Thailand (X tons), Vietnam (X tons), China (X tons), Japan (X tons), Hong Kong SAR (X tons) and New Zealand (X tons) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +116.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Australia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. China, Taiwan (Chinese), Indonesia, Japan, India, Thailand, Vietnam, Hong Kong SAR, Lao People's Democratic Republic and New Zealand lagged somewhat behind, together comprising a further 52%.

Lao People's Democratic Republic, with a CAGR of +61.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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, dropping by -20.4% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2019 an increase of 24%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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