Colombia: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in Colombia

In 2021, after two years of decline, there was significant growth in the Colombian railway track fixture market, when its value increased by 71% to $X. In general, consumption continues to indicate a buoyant expansion. Railway track fixture consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Railway Track Fixture Exports

Exports from Colombia

Railway track fixture exports from Colombia surged to X kg in 2021, rising by 19% on 2020. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 125%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, railway track fixture exports surged to $X in 2021. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2016 when exports increased by 110% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X kg) was the main destination for railway track fixture exports from Colombia, with a 58% share of total exports. Moreover, railway track fixture exports to Costa Rica exceeded the volume sent to the second major destination, Ecuador (X kg), threefold. Brazil (X kg) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica amounted to +54.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+14.6% per year) and Brazil (+19.9% per year).

In value terms, Costa Rica ($X) remains the key foreign market for railway or tramway track fixtures and fittings exports from Colombia, comprising 64% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 23% share of total exports. It was followed by Mexico, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Costa Rica stood at +71.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+4.4% per year) and Mexico (+17.5% per year).

Export Prices by Country

In 2021, the average railway track fixture export price amounted to $X per ton, shrinking by -2.1% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 28%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Panama ($X per ton), while the average price for exports to Brazil ($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 Costa Rica (+11.9%), while the prices for the other major destinations experienced a decline.

Railway Track Fixture Imports

Imports into Colombia

In 2021, purchases abroad of railway or tramway track fixtures and fittings increased by 81% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 310% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, railway track fixture imports surged to $X in 2021. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 134% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of railway track fixture imports to Colombia, with a combined 48% 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 Italy (with a CAGR of +40.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest railway track fixture suppliers to Colombia were the United States ($X), Belgium ($X) and Spain ($X), with a combined 49% share of total imports. Italy, Brazil, the UK, China and Portugal lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, Portugal, with a CAGR of +41.7%, saw 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 railway track fixture import price stood at $X per ton in 2021, falling by -9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 70%. The import price peaked at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :