Australia: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Australia

In 2021, the Australian railway track fixture market decreased by -17.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Railway Track Fixture Production in Australia

In value terms, railway track fixture production dropped markedly to $X in 2021 estimated in export price. In general, production recorded a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume increased by 257%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Railway Track Fixture Exports

Exports from Australia

In 2021, overseas shipments of railway or tramway track fixtures and fittings increased by 83% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 186%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, railway track fixture exports soared to $X in 2021. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2013 when exports increased by 130%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for railway track fixture exports from Australia, accounting for a 30% share of total exports. Moreover, railway track fixture exports to France exceeded the volume sent to the second major destination, New Zealand (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +121.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+11.3% per year) and the United States (+14.0% per year).

In value terms, France ($X) remains the key foreign market for railway or tramway track fixtures and fittings exports from Australia, comprising 30% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +102.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+12.7% per year) and the United States (+12.8% per year).

Export Prices by Country

The average railway track fixture export price stood at $X per ton in 2021, waning by -20.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 48%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Qatar ($X per ton), while the average price for exports to South Korea ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Track Fixture Imports

Imports into Australia

In 2021, purchases abroad of railway or tramway track fixtures and fittings increased by 56% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports enjoyed temperate growth. The growth pace was the most rapid in 2017 when imports increased by 96%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, railway track fixture imports skyrocketed to $X in 2021. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 85% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of railway track fixture imports to Australia, together comprising 70% of total imports. The UK, the United States, Italy and the Czech Republic lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +53.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest railway track fixture suppliers to Australia were China ($X), Germany ($X) and Austria ($X), together accounting for 65% of total imports. The UK, the United States, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Italy, with a CAGR of +54.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average railway track fixture import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, railway track fixture import price increased by +22.6% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :