Czech Republic: Steel Railway Material Market 2024

Steel Railway Material Market Size in the Czech Republic

In 2022, the Czech steel railway material market decreased by -43.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Steel Railway Material Production in the Czech Republic

In value terms, steel railway material production shrank to $X in 2022 estimated in export price. Overall, production faced a sharp descent. The growth pace was the most rapid in 2021 with an increase of 6.9%. Steel railway material production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Steel Railway Material Exports

Exports from the Czech Republic

In 2022, overseas shipments of railway material of steel increased by 16% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steel railway material exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for steel railway material exports from the Czech Republic, with a 44% share of total exports. Moreover, steel railway material exports to Germany exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-3.5% per year) and the United States (-5.6% per year).

In value terms, Germany ($X) remains the key foreign market for railway material of steel exports from the Czech Republic, comprising 41% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.9% per year) and the United States (-5.7% per year).

Export Prices by Country

The average steel railway material export price stood at $X per ton in 2022, surging by 9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into the Czech Republic

In 2022, supplies from abroad of railway material of steel increased by 0.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 240% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, steel railway material imports expanded to $X in 2022. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 94%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of steel railway material imports to the Czech Republic, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Austria ($X) and Germany ($X) constituted the largest steel railway material suppliers to the Czech Republic, together comprising 77% of total imports.

Among the main suppliers, Poland, with a CAGR of +21.0%, 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 2022, the average steel railway material import price amounted to $X per ton, increasing by 2.3% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2020 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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