CIS: 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 CIS

In 2021, after five years of growth, there was decline in the CIS market for railway or tramway track construction material of iron or steel, when its value decreased by -1.9% to $X. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.8% against 2015 indices. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

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

In value terms, production of railway or tramway track construction material of iron or steel declined slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then dropped in the following year.

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

Exports in CIS

In 2021, approx. X tons of railway or tramway track construction material of iron or steel were exported in the CIS; waning by -14.4% compared with the previous year's figure. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2016 with an increase of 33%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel shrank rapidly to $X in 2021. In general, exports continue to indicate a mild slump. The growth pace was the most rapid in 2013 with an increase of 41% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Russia (X tons), together amounting to 98% of total export.

Russia was also the fastest-growing in terms of the railway or tramway track construction material of iron or steel exports, with a CAGR of -5.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest iron and steel railway construction materials supplier in the CIS.

In Russia, exports of railway or tramway track construction material of iron or steel decreased by an average annual rate of -1.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 when the export price increased by 34% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then shrank modestly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +3.7% per year.

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

Imports in CIS

Imports of railway or tramway track construction material of iron or steel declined sharply to X tons in 2021, which is down by -25.1% compared with 2020 figures. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 141% 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 remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel reached $X in 2021. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 165% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Uzbekistan (X tons), distantly followed by Russia (X tons), Belarus (X tons), Kazakhstan (X tons) and Azerbaijan (X tons) represented the largest importers of railway or tramway track construction material of iron or steel, together achieving 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of -9.2%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Uzbekistan ($X) constitutes the largest market for imported railway or tramway track construction material of iron or steel in the CIS, comprising 40% of total imports. The second position in the ranking was held by Russia ($X), with a 19% share of total imports. It was followed by Kazakhstan, with an 18% share.

In Uzbekistan, imports of railway or tramway track construction material of iron or steel shrank by an average annual rate of -6.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (-26.2% per year) and Kazakhstan (-20.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, rising by 37% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Uzbekistan ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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