Southern 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 Southern Asia

In 2021, the South Asian market for railway or tramway track construction material of iron or steel was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, saw a perceptible reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

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

In value terms, production of railway or tramway track construction material of iron or steel reached $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 7.1%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

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

Exports in Southern Asia

In 2021, after two years of growth, there was significant decline in shipments abroad of railway or tramway track construction material of iron or steel, when their volume decreased by -38.7% to X tons. Over the period under review, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 116%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel reduced remarkably to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 85%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the railway or tramway track construction material of iron or steel exports, with a CAGR of -2.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest iron and steel railway construction materials supplier in Southern Asia.

In India, exports of railway or tramway track construction material of iron or steel remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, jumping by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.6% per year.

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

Imports in Southern Asia

In 2021, imports of railway or tramway track construction material of iron or steel in Southern Asia soared to X tons, with an increase of 27% on the previous year. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 107%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 96% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

India represented the major importing country with an import of around X tons, which finished at 69% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 19% share, followed by Pakistan (8.4%). Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the railway or tramway track construction material of iron or steel imports, with a CAGR of +16.7% from 2012 to 2021. At the same time, Bangladesh (+14.0%) and Pakistan (+7.5%) displayed positive paces of growth. By contrast, Sri Lanka (-6.2%) illustrated a downward trend over the same period. India (+14 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Sri Lanka saw its share reduced by -5.7% and -7.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported railway or tramway track construction material of iron or steel in Southern Asia, comprising 70% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 20% share of total imports. It was followed by Pakistan, with a 6.2% share.

In India, imports of railway or tramway track construction material of iron or steel increased at an average annual rate of +12.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+17.2% per year) and Pakistan (+6.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 11% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. 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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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