China: 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 China

The Chinese market for railway or tramway track construction material of iron or steel amounted to $X in 2021, flattening at the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

In value terms, production of railway or tramway track construction material of iron or steel stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

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

Exports from China

Exports of railway or tramway track construction material of iron or steel from China expanded remarkably to X tons in 2021, picking up by 7.4% on the previous year's figure. Over the period under review, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by 58% against the previous year. Over the period under review, the exports of hit record highs 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 soared to $X in 2021. Overall, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Mexico (X tons) and Indonesia (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from China, together comprising 41% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +63.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Indonesia ($X) and Mexico ($X) were the largest markets for iron and steel railway construction materials exported from China worldwide, together accounting for 35% of total exports.

Mexico, with a CAGR of +58.4%, 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 more modest paces of growth.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 Bangladesh (+6.4%), 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 China

In 2021, imports of railway or tramway track construction material of iron or steel into China surged to X tons, jumping by 54% on 2020. Over the period under review, imports, however, showed a deep setback. The growth pace was the most rapid in 2020 with an increase of 142% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 50% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest iron and steel railway construction materials supplier to China, accounting for a 62% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Russia exceeded the figures recorded by the second-largest supplier, Austria (X tons), fivefold. Luxembourg (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+35.4% per year) and Luxembourg (+6.1% per year).

In value terms, Russia ($X), Austria ($X) and Germany ($X) were the largest iron and steel railway construction materials suppliers to China, with a combined 60% share of total imports. These countries were followed by Poland, Luxembourg, Spain, Turkey, Japan and the United States, which together accounted for a further 34%.

Among the main suppliers, Turkey, with a CAGR of +66.1%, saw the highest rates of growth with regard to 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

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, waning by -2.6% against the previous year. In general, the import price, however, showed a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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