Belarus: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Belarus

The Belarusian railway track fixture market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded a perceptible expansion. Railway track fixture consumption peaked in 2021 and is expected to retain growth in the immediate term.

Railway Track Fixture Exports

Exports from Belarus

In 2021, exports of railway or tramway track fixtures and fittings from Belarus contracted dramatically to X tons, declining by -31.7% compared with 2020. In general, exports, however, showed a mild increase. The pace of growth appeared the most rapid in 2014 with an increase of 118% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, railway track fixture exports fell to $X in 2021. Overall, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 81%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for railway track fixture exports from Belarus, accounting for a 83% share of total exports. Moreover, railway track fixture exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-5.6% per year) and Ukraine (-5.5% per year).

In value terms, Russia ($X) remains the key foreign market for railway or tramway track fixtures and fittings exports from Belarus, comprising 77% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-9.3% per year) and Ukraine (-4.8% per year).

Export Prices by Country

The average railway track fixture export price stood at $X per ton in 2021, picking up by 39% against the previous year. Overall, the export price, however, recorded a pronounced setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.8%), while the prices for the other major destinations experienced a decline.

Railway Track Fixture Imports

Imports into Belarus

Railway track fixture imports into Belarus reached X tons in 2021, rising by 8.3% against 2020 figures. Overall, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.5% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, railway track fixture imports rose notably to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 75% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest railway track fixture supplier to Belarus, with a 56% share of total imports. Moreover, railway track fixture imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (0.0% per year) and Ukraine (-12.5% per year).

In value terms, Russia ($X) constituted the largest supplier of railway or tramway track fixtures and fittings to Belarus, comprising 59% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 26% share of total imports. It was followed by Kazakhstan, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-8.4% per year) and Kazakhstan (0.0% per year).

Import Prices by Country

In 2021, the average railway track fixture import price amounted to $X per ton, picking up by 4.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 37%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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