Pakistan: Steel Railway Material Market 2025

Steel Railway Material Market Size in Pakistan

The Pakistani steel railway material market reduced to $X in 2022, waning by -6.9% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Steel Railway Material Production in Pakistan

In value terms, steel railway material production dropped to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 52%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Steel Railway Material Exports

Exports from Pakistan

For the fourth year in a row, Pakistan recorded growth in shipments abroad of railway material of steel, which increased by 9.7% to X tons in 2022. In general, exports posted a strong increase. The growth pace was the most rapid in 2013 when exports increased by 194% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel railway material exports fell to $X in 2022. Overall, exports showed pronounced growth. The pace of growth appeared the most rapid in 2014 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) and South Sudan (X tons) were the main destinations of steel railway material exports from Pakistan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +17.8%).

In value terms, the largest markets for steel railway material exported from Pakistan were Sudan ($X) and South Sudan ($X).

Sudan, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average steel railway material export price stood at $X per ton in 2022, dropping by -8.9% against the previous year. In general, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 45%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to South Sudan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+62.1%), while the prices for the other major destinations experienced a decline.

Steel Railway Material Imports

Imports into Pakistan

In 2022, the amount of railway material of steel imported into Pakistan declined markedly to X tons, waning by -83.9% on the year before. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 1,317%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, steel railway material imports contracted sharply to $X in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 1,195% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of steel railway material to Pakistan, with a 42% share of total imports. Moreover, steel railway material imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by Kuwait (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+14.5% per year) and Kuwait (-6.8% per year).

In value terms, the largest steel railway material suppliers to Pakistan were France ($X), Kazakhstan ($X) and South Korea ($X), together accounting for 56% of total imports. Russia, China, Latvia, Kuwait, Spain and South Africa lagged somewhat behind, together comprising a further 38%.

Russia, with a CAGR of +21.9%, 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

The average steel railway material import price stood at $X per ton in 2022, increasing by 18% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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