Scandinavia: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in Scandinavia

The Scandinavia railway track fixture market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption posted a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Railway Track Fixture Production in Scandinavia

In value terms, railway track fixture production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 82%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Railway Track Fixture Exports

Exports in Scandinavia

Railway track fixture exports contracted markedly to X tons in 2021, dropping by -33.8% compared with 2020. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 79%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, railway track fixture exports rose notably to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 +1.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 68%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden was the major exporter of railway or tramway track fixtures and fittings in Scandinavia, with the volume of exports amounting to X tons, which was approx. 63% of total exports in 2021. Denmark (X tons) ranks second in terms of the total exports with a 28% share, followed by Norway (8.1%).

From 2012 to 2021, average annual rates of growth with regard to railway track fixture exports from Sweden stood at -10.0%. At the same time, Norway (+26.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +26.2% from 2012-2021. By contrast, Denmark (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway and Denmark increased by +7.6 and +5.6 percentage points, respectively.

In value terms, Sweden ($X) emerged as the largest railway track fixture supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was held by Denmark ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +3.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+0.5% per year) and Norway (+11.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 70% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 90% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.8%), while the other leaders experienced mixed trends in the export price figures.

Railway Track Fixture Imports

Imports in Scandinavia

In 2021, supplies from abroad of railway or tramway track fixtures and fittings increased by 8.8% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, railway track fixture imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 43%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Norway (X tons) was the key importer of railway or tramway track fixtures and fittings, mixing up 60% of total imports. It was distantly followed by Sweden (X tons) and Denmark (X tons), together committing a 36% share of total imports. Finland (X tons) and Iceland (X tons) followed a long way behind the leaders.

Imports into Norway decreased at an average annual rate of -2.9% from 2012 to 2021. At the same time, Iceland (+26.5%), Denmark (+6.9%) and Sweden (+4.8%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +26.5% from 2012-2021. By contrast, Finland (-3.6%) illustrated a downward trend over the same period. While the share of Sweden (+9.7 p.p.) and Denmark (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-14.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest railway track fixture importing markets in Scandinavia were Norway ($X), Sweden ($X) and Denmark ($X), together accounting for 93% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 7%.

Iceland, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, jumping by 30% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 52%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform