Benelux: 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 Benelux

The Benelux market for railway or tramway track construction material of iron or steel shrank to $X in 2021, with a decrease of -8.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Benelux

In value terms, production of railway or tramway track construction material of iron or steel declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 22%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

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

Exports in Benelux

In 2021, after two years of decline, there was significant growth in shipments abroad of railway or tramway track construction material of iron or steel, when their volume increased by 20% to X tons. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 58%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a somewhat 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 mild decrease. The pace of growth was the most pronounced in 2018 when exports increased by 52% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Luxembourg (X tons) represented the major exporter of railway or tramway track construction material of iron or steel, committing 62% of total exports. Belgium (X tons) ranks second in terms of the total exports with a 30% share, followed by the Netherlands (8%).

Exports from Luxembourg increased at an average annual rate of +2.3% from 2012 to 2021. At the same time, the Netherlands (+14.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +14.7% from 2012-2021. By contrast, Belgium (-4.4%) illustrated a downward trend over the same period. Luxembourg (+10 p.p.) and the Netherlands (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -16% from 2012 to 2021, respectively.

In value terms, Luxembourg ($X), Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021.

The Netherlands, with a CAGR of +7.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, flattening at the previous year. In general, the export price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 when the export price increased by 12% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (-0.2%), while the other leaders experienced a decline in the export price figures.

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

Imports in Benelux

Imports of railway or tramway track construction material of iron or steel expanded rapidly to X tons in 2021, increasing by 12% on the year before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel rose slightly to $X in 2021. Overall, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 13% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium was the main importer of railway or tramway track construction material of iron or steel in Benelux, with the volume of imports amounting to X tons, which was approx. 60% of total imports in 2021. The Netherlands (X tons) took the second position in the ranking, distantly followed by Luxembourg (X tons). All these countries together took approx. 40% share of total imports.

Imports into Belgium increased at an average annual rate of +1.6% from 2012 to 2021. At the same time, the Netherlands (+1.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +1.9% from 2012-2021. By contrast, Luxembourg (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium and the Netherlands increased by +3.8 and +2.5 percentage points, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported railway or tramway track construction material of iron or steel in Benelux, comprising 61% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium stood at -4.6%. In the other countries, the average annual rates were as follows: the Netherlands (-1.1% per year) and Luxembourg (-2.2% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, declining by -7% against the previous year. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of 8.7%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform