Asia: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in Asia

The Asian railway track fixture market surged to $X in 2021, picking up by 131% against the previous year. In general, consumption saw a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Railway Track Fixture Production in Asia

In value terms, railway track fixture production surged to $X in 2021 estimated in export price. Overall, production showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 239% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Railway Track Fixture Exports

Exports in Asia

After two years of decline, shipments abroad of railway or tramway track fixtures and fittings increased by 27% to X tons in 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, railway track fixture exports surged to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 77% of total exports in 2021. India (X tons) ranks second in terms of the total exports with a 9.1% share, followed by Turkey (5.1%). The following exporters - South Korea (X tons) and Taiwan (Chinese) (X tons) - each reached a 3.8% 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, Turkey (+21.0%), India (+19.9%), South Korea (+10.4%) and Taiwan (Chinese) (+1.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.0% from 2012-2021. From 2012 to 2021, the share of India and Turkey increased by +7.1 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest railway track fixture supplier in Asia, comprising 56% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.2% share of total exports. It was followed by India, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +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 stood at $X per ton in 2021, surging by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 more modest paces of growth.

Railway Track Fixture Imports

Imports in Asia

In 2021, supplies from abroad of railway or tramway track fixtures and fittings increased by 26% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, railway track fixture imports declined to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan was the largest importing country with an import of about X tons, which finished at 27% of total imports. Uzbekistan (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (7.8%), Singapore (5.4%), Malaysia (5.2%), Mongolia (5.2%) and Lao People's Democratic Republic (4.6%). The United Arab Emirates (X tons), Taiwan (Chinese) (X tons), India (X tons), Azerbaijan (X tons), Georgia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Imports into Kazakhstan decreased at an average annual rate of -5.1% from 2012 to 2021. At the same time, Lao People's Democratic Republic (+116.4%), the United Arab Emirates (+19.3%), Uzbekistan (+18.2%), Mongolia (+15.5%), Malaysia (+14.6%), India (+14.3%), Saudi Arabia (+12.5%), Singapore (+11.3%), Indonesia (+7.5%) and Azerbaijan (+5.7%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in Asia, with a CAGR of +116.4% from 2012-2021. By contrast, Georgia (-3.2%) and Taiwan (Chinese) (-6.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan, Saudi Arabia, Lao People's Democratic Republic, Mongolia, Malaysia, Singapore, the United Arab Emirates and India increased by +10, +4.7, +4.6, +3.6, +3.5, +3, +2.8 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Singapore ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, with a combined 30% share of total imports. These countries were followed by Malaysia, Taiwan (Chinese), Indonesia, Uzbekistan, the United Arab Emirates, Mongolia, India, Georgia, Lao People's Democratic Republic and Azerbaijan, which together accounted for a further 35%.

Lao People's Democratic Republic, with a CAGR of +61.4%, saw the highest growth rate of 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

In 2021, the import price in Asia amounted to $X per ton, reducing by -28.6% against the previous year. Over the period under review, the import price showed a pronounced decline. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, 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 Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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