Netherlands: Steel Railway Material Market 2024

Steel Railway Material Market Size in the Netherlands

The Dutch steel railway material market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Steel railway material consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Steel Railway Material Production in the Netherlands

In value terms, steel railway material production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 48%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Steel Railway Material Exports

Exports from the Netherlands

In 2022, exports of railway material of steel from the Netherlands surged to X tons, with an increase of 94% compared with 2021 figures. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 171% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, steel railway material exports surged to $X in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 114%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for steel railway material exports from the Netherlands, with a 50% share of total exports. Moreover, steel railway material exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by France (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+101.6% per year) and France (+88.6% per year).

In value terms, Germany ($X) remains the key foreign market for railway material of steel exports from the Netherlands, comprising 39% of total exports. The second position in the ranking was held by the UK ($X), with a 19% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+94.9% per year) and France (+99.6% per year).

Export Prices by Country

The average steel railway material export price stood at $X per ton in 2022, increasing by 4.5% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Morocco (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into the Netherlands

In 2022, steel railway material imports into the Netherlands soared to X tons, growing by 28% on the previous year's figure. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, steel railway material imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Austria (X tons) constituted the largest steel railway material supplier to the Netherlands, accounting for a 53% share of total imports. Moreover, steel railway material imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Austria totaled +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.8% per year) and China (+24.7% per year).

In value terms, Austria ($X), Germany ($X) and France ($X) appeared to be the largest steel railway material suppliers to the Netherlands, with a combined 71% share of total imports. China, Italy, Spain and Thailand lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Thailand, with a CAGR of +76.6%, recorded 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

The average steel railway material import price stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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