Europe: 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 Europe

The Europe market for railway or tramway track construction material of iron or steel contracted slightly to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, production of railway or tramway track construction material of iron or steel declined to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7.8% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

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

Exports in Europe

In 2021, shipments abroad of railway or tramway track construction material of iron or steel 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, continue to indicate a slight setback. The pace of growth was the most pronounced in 2018 when exports increased by 8% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, exports, however, showed a slight shrinkage. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Austria (X tons), distantly followed by Poland (X tons), Spain (X tons), the Czech Republic (X tons) and Russia (X tons) were the key exporters of railway or tramway track construction material of iron or steel, together mixing up 78% of total exports. Germany (X tons), Luxembourg (X tons), France (X tons), Italy (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +27.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the largest iron and steel railway construction materials supplier in Europe, comprising 25% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by Spain, with an 11% 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. In the other countries, the average annual rates were as follows: Poland (+11.7% per year) and Spain (+4.5% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, increasing by 12% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2021, overseas purchases of railway or tramway track construction material of iron or steel decreased by -1.5% to X tons, falling for the third year in a row after two years of growth. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 23%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel reached $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 23% 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, Germany (X tons), distantly followed by Italy (X tons), France (X tons), Belgium (X tons), Poland (X tons), Sweden (X tons) and Switzerland (X tons) were the key importers of railway or tramway track construction material of iron or steel, together mixing up 70% of total imports. The Netherlands (X tons), the Czech Republic (X tons), the UK (X tons), Spain (X tons), Austria (X tons) and Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iron and steel railway construction materials imports into Germany stood at +6.3%. At the same time, Italy (+27.0%), the Czech Republic (+20.6%), Norway (+13.8%), 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 Europe, with a CAGR of +27.0% from 2012-2021. Switzerland experienced a relatively flat trend pattern. By contrast, the UK (-1.2%) illustrated a downward trend over the same period. Italy (+11 p.p.), Germany (+8.2 p.p.), France (+5.5 p.p.) and the Czech Republic (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron and steel railway construction materials importing markets in Europe were Germany ($X), Italy ($X) and France ($X), together comprising 40% of total imports.

Italy, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, picking up by 9% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the UK ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform