China: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in China

After two years of growth, the Chinese railway track fixture market decreased by -23.6% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank notably in the following year.

Railway Track Fixture Production in China

In value terms, railway track fixture production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Railway Track Fixture Exports

Exports from China

In 2021, shipments abroad of railway or tramway track fixtures and fittings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, railway track fixture exports soared to $X in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X tons), the United States (X tons) and India (X tons) were the main destinations of railway track fixture exports from China, with a combined 33% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +148.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for railway track fixture exported from China were India ($X), the United States ($X) and Lao People's Democratic Republic ($X), with a combined 28% share of total exports.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of +142.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average railway track fixture export price amounted to $X per ton, increasing by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2014 an increase of 25% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Kazakhstan ($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 Indonesia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Track Fixture Imports

Imports into China

In 2021, approx. X tons of railway or tramway track fixtures and fittings were imported into China; with a decrease of -53.4% against the previous year's figure. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 240% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, railway track fixture imports contracted significantly to $X in 2021. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2019 when imports increased by 167%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of railway track fixture to China, accounting for a 73% share of total imports. Moreover, railway track fixture imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Austria (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.6% per year) and Austria (+18.0% per year).

In value terms, the largest railway track fixture suppliers to China were Germany ($X), Austria ($X) and Croatia ($X), with a combined 89% share of total imports.

Among the main suppliers, Croatia, with a CAGR of +55.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average railway track fixture import price stood at $X per ton in 2021, jumping by 23% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, railway track fixture import price decreased by -30.0% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 56%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average 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 Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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