South-Eastern Asia: Railway Track Fixture Market 2025

Railway Track Fixture Market Size in South-Eastern Asia

The Southeast Asian railway track fixture market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Railway Track Fixture Production in South-Eastern Asia

In value terms, railway track fixture production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 58% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Railway Track Fixture Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of railway or tramway track fixtures and fittings decreased by -6.2% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a perceptible expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 223% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, railway track fixture exports dropped to $X in 2021. Over the period under review, exports, however, saw moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of 258%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia was the major exporting country with an export of around X tons, which recorded 51% of total exports. Singapore (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (19%) and Thailand (4.7%).

Exports from Malaysia increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Vietnam (+55.1%) and Thailand (+9.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +55.1% from 2012-2021. By contrast, Singapore (-1.3%) illustrated a downward trend over the same period. While the share of Vietnam (+18 p.p.) and Thailand (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-6.7 p.p.) and Singapore (-13.9 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest railway track fixture supplier in South-Eastern Asia, comprising 60% of total exports. The second position in the ranking was taken by Singapore ($X), with a 24% share of total exports. It was followed by Vietnam, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia amounted to +2.6%. In the other countries, the average annual rates were as follows: Singapore (-0.8% per year) and Vietnam (+57.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, reducing by -9.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.5%), while the other leaders experienced more modest paces of growth.

Railway Track Fixture Imports

Imports in South-Eastern Asia

After two years of decline, overseas purchases of railway or tramway track fixtures and fittings increased by 60% to X tons in 2021. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, railway track fixture imports soared to $X in 2021. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Malaysia (X tons) and Lao People's Democratic Republic (X tons) represented roughly 69% of total imports in 2021. Indonesia (X tons) took the next position in the ranking, followed by Thailand (X tons) and Vietnam (X tons). All these countries together took approx. 27% share of total imports. Myanmar (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +116.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 69% of total imports. Thailand, Vietnam, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 27%.

Lao People's Democratic Republic, with a CAGR of +61.4%, saw the highest rates of growth with regard to 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, which is down by -23.6% against the previous year. Over the period under review, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when the import price increased by 39% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Myanmar ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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