EU: 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 the EU

After two years of decline, the EU market for railway or tramway track construction material of iron or steel increased by 6.8% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, production of railway or tramway track construction material of iron or steel rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 10% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports in the EU

After two years of decline, overseas shipments of railway or tramway track construction material of iron or steel increased by 9.6% to X tons in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, the exports of reached the maximum 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 surged to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria was the key exporter of railway or tramway track construction material of iron or steel in the European Union, with the volume of exports reaching X tons, which was approx. 33% of total exports in 2021. It was distantly followed by Poland (X tons), Spain (X tons), the Czech Republic (X tons), Germany (X tons) and Luxembourg (X tons), together comprising a 54% share of total exports. France (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of +27.3%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the largest iron and steel railway construction materials supplier in the European Union, comprising 28% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by Spain, with a 12% share.

In Austria, exports of railway or tramway track construction material of iron or steel declined by an average annual rate of -1.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+11.7% per year) and Spain (+4.5% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the other leaders experienced a decline in the export price figures.

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

Imports in the EU

In 2021, after two years of decline, there was significant growth in supplies from abroad of railway or tramway track construction material of iron or steel, when their volume increased by 7.2% to X tons. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of railway or tramway track construction material of iron or steel rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 24% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the largest importer of railway or tramway track construction material of iron or steel, committing 29% of total imports. It was distantly followed by Italy (X tons), France (X tons), Belgium (X tons), Poland (X tons) and Sweden (X tons), together achieving a 45% share of total imports. The Netherlands (X tons), the Czech Republic (X tons), Spain (X tons), Austria (X tons), Lithuania (X tons) and Romania (X tons) took a minor share of total imports.

Imports into Germany increased at an average annual rate of +6.3% from 2012 to 2021. At the same time, Italy (+27.0%), the Czech Republic (+20.6%), France (+9.9%), Austria (+9.3%), Spain (+4.7%), the Netherlands (+1.9%), Sweden (+1.8%), Belgium (+1.6%) and Poland (+1.4%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of +27.0% from 2012-2021. By contrast, Romania (-1.2%) and Lithuania (-3.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy, France, the Czech Republic and Germany increased by +11, +3.9, +2.4 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 48% share of total imports.

Among the main importing countries, Italy, with a CAGR of +18.3%, 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 import price in the European Union amounted to $X per ton, picking up by 6.4% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in 2017 when the import price increased by 7.6% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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