Scandinavia: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2025

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

The Scandinavia market for railway or tramway track construction material of iron or steel soared to $X in 2021, picking up by 22% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the near future.

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

In value terms, production of railway or tramway track construction material of iron or steel fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

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

Exports in Scandinavia

Exports of railway or tramway track construction material of iron or steel surged to X tons in 2021, with an increase of 17% compared with 2020. Overall, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 41%. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.2% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 59%. Over the period under review, the exports of attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden prevails in steel structure, resulting at X tons, which was near 95% of total exports in 2021. Norway (X tons) followed a long way behind the leaders.

Exports from Sweden decreased at an average annual rate of -5.6% from 2012 to 2021. At the same time, Norway (+6.8%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +6.8% from 2012-2021. From 2012 to 2021, the share of Norway increased by +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest iron and steel railway construction materials supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was taken by Norway ($X), with a 3.1% share of total exports.

In Sweden, exports of railway or tramway track construction material of iron or steel expanded at an average annual rate of +3.2% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 7.2% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2015 an increase of 63%. Over the period under review, the export prices hit record highs at $X per ton in 2016; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.4%).

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

Imports in Scandinavia

In 2021, the amount of railway or tramway track construction material of iron or steel imported in Scandinavia surged to X tons, rising by 16% on the previous year. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 35%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of railway or tramway track construction material of iron or steel soared to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the key importer of railway or tramway track construction material of iron or steel, achieving 55% of total imports. Norway (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Finland (14%) and Denmark (12%).

Imports into Sweden increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, Norway (+13.8%), Denmark (+1.9%) and Finland (+1.8%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +13.8% from 2012-2021. Norway (+11 p.p.) significantly strengthened its position in terms of the total imports, while Denmark, Finland and Sweden saw its share reduced by -1.6%, -2% and -7.4% from 2012 to 2021, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported railway or tramway track construction material of iron or steel in Scandinavia, comprising 49% of total imports. The second position in the ranking was taken by Norway ($X), with a 22% share of total imports. It was followed by Finland, with a 17% share.

In Sweden, imports of railway or tramway track construction material of iron or steel expanded at an average annual rate of +1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+12.3% per year) and Finland (+5.9% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Norway ($X per ton), while Sweden ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform