Russian Federation: 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 the Russian Federation

In 2021, after six years of growth, there was decline in the Russian market for railway or tramway track construction material of iron or steel, when its value decreased by -1.5% to $X. In general, consumption, however, enjoyed strong growth. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in the Russian Federation

In value terms, production of railway or tramway track construction material of iron or steel contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 77%. Over the period under review, production of attained the maximum level at $X in 2020, and then shrank slightly in the following year.

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

Exports from the Russian Federation

In 2021, exports of railway or tramway track construction material of iron or steel from Russia contracted to X tons, waning by -14.5% on 2020 figures. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 33%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel declined to $X in 2021. Overall, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China (X tons), Brazil (X tons) and Uzbekistan (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from Russia, together accounting for 42% of total exports. These countries were followed by India, Belarus, Egypt, Taiwan (Chinese), Kazakhstan, Ukraine, Vietnam, South Korea and Mongolia, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +839.1%), 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 Russia were Uzbekistan ($X), Kazakhstan ($X) and Brazil ($X), together accounting for 39% of total exports. These countries were followed by Belarus, China, Ukraine, India, Egypt, Taiwan (Chinese), Vietnam, Mongolia and South Korea, which together accounted for a further 46%.

Among the main countries of destination, India, with a CAGR of +792.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the Russian Federation

In 2021, imports of railway or tramway track construction material of iron or steel into Russia shrank sharply to X tons, reducing by -50.8% on the previous year. In general, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 93%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel shrank sharply to $X in 2021. Overall, imports showed a sharp descent. The pace of growth was the most pronounced in 2017 with an increase of 51%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of iron and steel railway construction materials to Russia, accounting for a 57% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Ukraine exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fourfold. Belarus (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Ukraine amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+10.8% per year) and Belarus (+17.0% per year).

In value terms, Ukraine ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Russia, comprising 51% of total imports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Ukraine totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+20.3% per year) and Germany (-7.9% per year).

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, picking up by 70% against the previous year. In general, the import price, however, continues to indicate a mild descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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