Chile: 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 Chile

In 2021, after three years of growth, there was decline in the Chilean market for railway or tramway track construction material of iron or steel, when its value decreased by -3.5% to $X. In general, consumption recorded buoyant growth. Consumption of peaked at $X in 2020, and then shrank slightly in the following year.

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

In value terms, production of railway or tramway track construction material of iron or steel dropped to $X in 2021 estimated in export price. Overall, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 99%. Over the period under review, production of reached the maximum level at $X in 2020, and then reduced in the following year.

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

Exports from Chile

In 2021, exports of railway or tramway track construction material of iron or steel from Chile rose rapidly to X tons, surging by 8.4% against 2020 figures. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 432% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel soared to $X in 2021. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 319% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Chile, accounting for a 61% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Peru exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Peru totaled -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-21.4% per year) and Spain (+7.7% per year).

In value terms, Spain ($X), Peru ($X) and Bolivia ($X) were the largest markets for iron and steel railway construction materials exported from Chile worldwide, together comprising 85% of total exports. Paraguay lagged somewhat behind, comprising a further 12%.

Paraguay, with a CAGR of +67.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, increasing by 99% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Peru ($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 Ecuador (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Chile

In 2021, approx. X tons of railway or tramway track construction material of iron or steel were imported into Chile; rising by 21% on 2020 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 101%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel declined significantly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 159% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Spain (X tons), Brazil (X tons) and China (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Chile, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Spain ($X) and China ($X) constituted the largest iron and steel railway construction materials suppliers to Chile, with a combined 72% share of total imports. The United States, Luxembourg and Germany lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, Germany, with a CAGR of +12.1%, recorded 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 import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, waning by -30.8% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then dropped significantly in the following year.

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 Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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