Report Sri Lanka - Railway or Tramway Track Construction Material of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Sri Lanka - Railway or Tramway Track Construction Material of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: 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 Sri Lanka

In 2021, after two years of growth, there was significant decline in the Sri Lankan market for railway or tramway track construction material of iron or steel, when its value decreased by -86.5% to $X. Overall, consumption continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

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

Exports from Sri Lanka

In 2021, shipments abroad of railway or tramway track construction material of iron or steel decreased by -79.5% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2018 with an increase of 653%. The exports peaked at X tons in 2012; however, from 2013 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 shrank remarkably to $X in 2021. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by 726%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X tons), Seychelles (X tons) and the Dominican Republic (X kg) were the main destinations of exports of railway or tramway track construction material of iron or steel from Sri Lanka, with a combined 93% share of total exports. India lagged somewhat behind, accounting for a further 6.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +53.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Maldives ($X) and Seychelles ($X) constituted the largest markets for iron and steel railway construction materials exported from Sri Lanka worldwide, together accounting for 89% of total exports.

Seychelles, with a CAGR of +22.6%, 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

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, with an increase of 73% against the previous year. Over the period under review, the export price continues to indicate pronounced growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 351%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Seychelles ($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 Seychelles (+9.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Sri Lanka

In 2021, purchases abroad of railway or tramway track construction material of iron or steel decreased by -88.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 321%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, imports of railway or tramway track construction material of iron or steel fell notably to $X in 2021. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 259% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of iron and steel railway construction materials to Sri Lanka, accounting for a 56% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.3% per year) and Australia (-1.3% per year).

In value terms, India ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Sri Lanka, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Australia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and Australia (-3.3% per year).

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, surging by 55% against the previous year. Overall, the import price, however, recorded a pronounced slump. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+27.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of consumption of railway or tramway track construction material of iron or steel was China, accounting for 32% of total volume. Moreover, consumption of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest consumer, Russia, fourfold. The United States ranked third in terms of total consumption with a 6.8% share.
The country with the largest volume of production of railway or tramway track construction material of iron or steel was China, comprising approx. 36% of total volume. Moreover, production of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. The third position in this ranking was occupied by Japan, with an 8.2% share.
In value terms, India, France and Austria constituted the largest iron and steel railway construction materials suppliers to Sri Lanka, with a combined 75% share of total imports. China, Australia, the Netherlands and Singapore lagged somewhat behind, together comprising a further 21%.
In value terms, Seychelles $350), India $219) and Maldives $143) constituted the largest markets for iron and steel railway construction materials exported from Sri Lanka worldwide, with a combined 99% share of total exports.
The average export price for railway or tramway track construction material of iron or steel stood at $1,005 per ton in 2021, increasing by 144% against the previous year.
The average import price for railway or tramway track construction material of iron or steel stood at $1,116 per ton in 2021, falling by -22.4% against the previous year.

This report provides an in-depth analysis of the market for iron and steel railway construction materials in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24107500 - Railway material (of steel)

Country coverage:

  • Sri Lanka

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Sri Lanka
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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