Thailand: 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 Thailand

In 2021, the Thai market for railway or tramway track construction material of iron or steel decreased by -3.3% 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 +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of railway or tramway track construction material of iron or steel rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 58%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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

Exports from Thailand

In 2021, overseas shipments of railway or tramway track construction material of iron or steel increased by 128% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 246% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 232%. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Cambodia (X tons), Malaysia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from Thailand, together comprising 67% of total exports. Gabon, Uruguay, Indonesia, the Netherlands, Australia, Myanmar and Singapore lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +193.6%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for railway or tramway track construction material of iron or steel exports from Thailand, comprising 42% of total exports. The second position in the ranking was held by Uruguay ($X), with a 13% share of total exports. It was followed by Indonesia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (0.0% per year) and Indonesia (+75.9% per year).

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, rising by 4.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Cambodia ($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 Singapore (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Thailand

Imports of railway or tramway track construction material of iron or steel into Thailand dropped significantly to X tons in 2021, shrinking by -65% compared with the year before. Over the period under review, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 236% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel contracted markedly to $X in 2021. In general, imports showed a sharp decrease. The growth pace was the most rapid in 2014 with an increase of 113% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest iron and steel railway construction materials supplier to Thailand, with a 49% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Austria (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+48.6% per year) and Austria (+62.7% per year).

In value terms, China ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Thailand, comprising 34% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Austria, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.9% per year) and Austria (+58.6% 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, increasing by 45% against the previous year. Over the period under review, the import price enjoyed a measured expansion. The pace of growth was the most pronounced in 2019 an increase of 79%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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