Japan: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Japan

The Japanese market for railway or tramway track construction material of iron or steel rose slightly to $X in 2021, growing by 2.3% against the previous year. Overall, consumption continues to indicate a buoyant increase. Consumption of peaked in 2021 and is expected to retain growth in years to come.

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

In value terms, production of railway or tramway track construction material of iron or steel reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 24% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then dropped in the following year.

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

Exports from Japan

In 2021, the amount of railway or tramway track construction material of iron or steel exported from Japan expanded slightly to X tons, growing by 4.7% against the previous year's figure. Over the period under review, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel expanded sharply to $X in 2021. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 29% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Mexico (X tons) and India (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from Japan, together comprising 63% of total exports. These countries were followed by the United States, Australia, Canada, Taiwan (Chinese), Singapore and Myanmar, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +63.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel railway construction materials exported from Japan were Brazil ($X), Mexico ($X) and India ($X), with a combined 61% share of total exports. The United States, Australia, Canada, Myanmar, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further 33%.

Singapore, with a CAGR of +47.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2019 an increase of 11%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Russia (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Japan

For the third year in a row, Japan recorded decline in purchases abroad of railway or tramway track construction material of iron or steel, which decreased by -3.1% to X tons in 2021. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel contracted to $X in 2021. In general, imports showed a pronounced slump. The growth pace was the most rapid in 2018 when imports increased by 35%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Luxembourg (X tons) and China (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Japan, together comprising 77% of total imports. The UK, Australia, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +39.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Luxembourg ($X), South Korea ($X) and China ($X) were the largest iron and steel railway construction materials suppliers to Japan, with a combined 70% share of total imports. The UK, Australia, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

Australia, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, falling by -4.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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