Canada: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2025

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Canada

The Canadian market for railway or tramway track construction material of iron or steel expanded modestly to $X in 2021, with an increase of 4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

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

Exports from Canada

In 2021, the amount of railway or tramway track construction material of iron or steel exported from Canada fell significantly to X tons, waning by -44.1% on the year before. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 70% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel declined to $X in 2021. Over the period under review, exports recorded a deep setback. The smallest decline of -1.2% was in 2019. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Canada, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -19.6%.

In value terms, the United States ($X) also remains the key foreign market for railway or tramway track construction material of iron or steel exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -18.1%.

Export Prices by Country

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, with an increase of 59% against the previous year. Overall, the export price showed a modest increase. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.9% per year.

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

Imports into Canada

In 2021, purchases abroad of railway or tramway track construction material of iron or steel decreased by -9.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a slight contraction. The growth pace was the most rapid in 2018 when imports increased by 80% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel expanded to $X in 2021. Overall, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of 29%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of iron and steel railway construction materials to Canada, accounting for a 58% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from the United States exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-2.7% per year) and Japan (-15.3% per year).

In value terms, the United States ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Canada, comprising 65% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total imports. It was followed by Spain, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-6.4% per year) and Spain (+56.9% per year).

Import Prices by Country

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, surging by 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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 China ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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