Spain: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Spain

For the third year in a row, the Spanish market for railway or tramway track construction material of iron or steel recorded decline in sales value, which decreased by -4.6% to $X in 2021. In general, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -35.4% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of railway or tramway track construction material of iron or steel expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 24%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports from Spain

In 2021, shipments abroad of railway or tramway track construction material of iron or steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +6.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 44%. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel soared to $X in 2021. The total export value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 35% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

India (X tons), Finland (X tons) and Italy (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from Spain, together accounting for 37% of total exports. Canada, Poland, Lithuania, France, Ireland, Portugal, Brazil, Germany and Turkey lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +297.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel railway construction materials exported from Spain were India ($X), Italy ($X) and Finland ($X), together comprising 29% of total exports. France, Poland, Canada, Portugal, Ireland, Lithuania, Germany, Brazil and Turkey lagged somewhat behind, together accounting for a further 45%.

Among the main countries of destination, Ireland, with a CAGR of +176.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, with a decrease of -1.8% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2020 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Canada ($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 Portugal (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2021, approx. X tons of railway or tramway track construction material of iron or steel were imported into Spain; dropping by -17.9% compared with the previous year's figure. In general, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 59% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel declined remarkably to $X in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest iron and steel railway construction materials supplier to Spain, accounting for a 35% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from France exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Luxembourg (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.2% per year) and Luxembourg (+16.0% per year).

In value terms, the largest iron and steel railway construction materials suppliers to Spain were France ($X), Poland ($X) and Luxembourg ($X), together comprising 43% of total imports. These countries were followed by the Czech Republic, Germany, China, Austria, Italy, Portugal, Belgium and the UK, which together accounted for a further 48%.

Among the main suppliers, the Czech Republic, with a CAGR of +32.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, which is down by -16.3% against the previous year. Over the period under review, the import price recorded a mild slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 66%. As a result, import price attained the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($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 UK (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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