South-Eastern Asia: 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 South-Eastern Asia

In 2021, the Southeast Asian market for railway or tramway track construction material of iron or steel decreased by -0.6% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in South-Eastern Asia

In value terms, production of railway or tramway track construction material of iron or steel totaled $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a somewhat lower figure.

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

Exports in South-Eastern Asia

In 2021, overseas shipments of railway or tramway track construction material of iron or steel increased by 20% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 97% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of railway or tramway track construction material of iron or steel soared to $X in 2021. Overall, exports recorded modest growth. The most prominent rate of growth was recorded in 2016 when exports increased by 93% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Thailand represented the major exporter of railway or tramway track construction material of iron or steel in South-Eastern Asia, with the volume of exports reaching X tons, which was near 55% of total exports in 2021. Singapore (X tons) took the second position in the ranking, followed by Malaysia (X tons), Indonesia (X tons) and the Philippines (X tons). All these countries together took approx. 41% share of total exports. Lao People's Democratic Republic (X tons) took a little share of total exports.

Exports from Thailand increased at an average annual rate of +20.2% from 2012 to 2021. At the same time, Lao People's Democratic Republic (+45.3%), the Philippines (+7.5%) and Indonesia (+4.4%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +45.3% from 2012-2021. By contrast, Malaysia (-7.0%) and Singapore (-13.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, Indonesia, the Philippines and Lao People's Democratic Republic increased by +44, +3.3, +2.3 and +2.2 percentage points, respectively.

In value terms, Thailand ($X) remains the largest iron and steel railway construction materials supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by Singapore, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +20.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-6.7% per year) and Singapore (-16.8% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 14% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Lao People's Democratic Republic ($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 Philippines (+0.6%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in purchases abroad of railway or tramway track construction material of iron or steel, which decreased by -10.1% to X tons in 2021. Overall, imports showed a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 89%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel reached $X in 2021. Over the period under review, imports showed a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 84%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons) and Vietnam (X tons) represented roughly 56% of total imports in 2021. Lao People's Democratic Republic (X tons) held the next position in the ranking, followed by Singapore (X tons), Malaysia (X tons) and the Philippines (X tons). All these countries together held near 37% share of total imports. Thailand (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +15.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 61% of total imports. These countries were followed by the Philippines, Malaysia, Lao People's Democratic Republic and Thailand, which together accounted for a further 30%.

The Philippines, with a CAGR of +19.1%, saw the highest growth rate of the value of imports, in terms of 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 South-Eastern Asia stood at $X per ton in 2021, growing by 13% against the previous year. In general, the import price, however, saw a mild downturn. The pace of growth was the most pronounced in 2017 when the import price increased by 14% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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