South Africa: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in South Africa

In 2021, the South African railway track fixture market decreased by -2.1% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a relatively flat trend pattern. Railway track fixture consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Railway Track Fixture Production in South Africa

In value terms, railway track fixture production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 13% against the previous year. Railway track fixture production peaked at $X in 2019; afterwards, it flattened through to 2021.

Railway Track Fixture Exports

Exports from South Africa

In 2021, overseas shipments of railway or tramway track fixtures and fittings increased by 17% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of 138%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, railway track fixture exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 113%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Zambia (X tons) and Zimbabwe (X tons) were the main destinations of railway track fixture exports from South Africa, with a combined 52% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +60.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mozambique ($X) and Australia ($X) appeared to be the largest markets for railway track fixture exported from South Africa worldwide, together comprising 64% of total exports.

Australia, with a CAGR of +62.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average railway track fixture export price stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Namibia ($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 Mozambique (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Track Fixture Imports

Imports into South Africa

Railway track fixture imports into South Africa contracted notably to X tons in 2021, dropping by -29.8% against 2020. In general, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 70% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, railway track fixture imports contracted markedly to $X in 2021. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by 101%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest railway track fixture supplier to South Africa, accounting for a 64% share of total imports. Moreover, railway track fixture imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.4% per year) and Austria (-7.6% per year).

In value terms, the largest railway track fixture suppliers to South Africa were India ($X), China ($X) and Austria ($X), together accounting for 65% of total imports. Germany, Bulgaria, Belgium, the United States and Australia lagged somewhat behind, together accounting for a further 24%.

Bulgaria, with a CAGR of +9.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average railway track fixture import price amounted to $X per ton, waning by -33.3% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 122% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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