India: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in India

The Indian railway track fixture market shrank rapidly to $X in 2021, falling by -97.8% against the previous year. Over the period under review, consumption saw a dramatic descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Railway Track Fixture Production in India

In value terms, railway track fixture production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 28%. Railway track fixture production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Railway Track Fixture Exports

Exports from India

Railway track fixture exports from India surged to X tons in 2021, picking up by 114% on the previous year's figure. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 126%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, railway track fixture exports skyrocketed to $X in 2021. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2015 with an increase of 127% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), the UK (X tons) and Bangladesh (X tons) were the main destinations of railway track fixture exports from India, with a combined 68% share of total exports. These countries were followed by Mozambique, Uganda, Mongolia, Ghana, Singapore, Australia and South Africa, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +298.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Bangladesh ($X) and the UK ($X) appeared to be the largest markets for railway track fixture exported from India worldwide, together accounting for 62% of total exports. Mozambique, Ghana, Mongolia, South Africa, Singapore, Australia and Uganda lagged somewhat behind, together comprising a further 26%.

Ghana, with a CAGR of +313.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average railway track fixture export price stood at $X per ton in 2021, with a decrease of -16.8% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2020 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 South Africa ($X per ton), while the average price for exports to Uganda ($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 South Africa (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Track Fixture Imports

Imports into India

In 2021, purchases abroad of railway or tramway track fixtures and fittings increased by 27% to X tons, rising for the fifth consecutive year after three years of decline. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, railway track fixture imports contracted rapidly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 95% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest railway track fixture supplier to India, accounting for a 60% share of total imports. Moreover, railway track fixture imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Austria (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Austria (+47.9% per year).

In value terms, China ($X), Germany ($X) and Austria ($X) appeared to be the largest railway track fixture suppliers to India, with a combined 72% share of total imports. These countries were followed by Italy, Spain, France, the UK and Belarus, which together accounted for a further 23%.

Spain, with a CAGR of +131.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, waning by -39.4% against the previous year. In general, the import price faced a deep reduction. The growth pace was the most rapid in 2015 an increase of 76% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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