United Kingdom: 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 the UK

The UK market for railway or tramway track construction material of iron or steel dropped remarkably to $X in 2021, with a decrease of -24.6% against the previous year. In general, consumption continues to indicate a noticeable slump. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of railway or tramway track construction material of iron or steel fell sharply to $X in 2021 estimated in export price. Overall, production showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 59%. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

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

Exports from the UK

For the third consecutive year, the UK recorded decline in shipments abroad of railway or tramway track construction material of iron or steel, which decreased by -25.2% to X tons in 2021. Over the period under review, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2014 with an increase of 213%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel totaled $X in 2021. In general, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2014 when exports increased by 88%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from the UK, accounting for a 18% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Germany exceeded the volume sent to the second major destination, Australia (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+10.5% per year) and Sweden (-4.4% per year).

In value terms, the largest markets for iron and steel railway construction materials exported from the UK were the United States ($X), Germany ($X) and Estonia ($X), with a combined 30% share of total exports. Sweden, Norway, Finland, Ireland, Uzbekistan, Denmark, France, Australia, Mexico and Belgium lagged somewhat behind, together accounting for a further 47%.

Among the main countries of destination, Mexico, with a CAGR of +39.1%, 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, jumping by 35% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 40%. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 France (+7.9%), 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 the UK

In 2021, overseas purchases of railway or tramway track construction material of iron or steel decreased by -58.7% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 68%. Imports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, imports of railway or tramway track construction material of iron or steel dropped remarkably to $X in 2021. Overall, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 52% against the previous year. Imports peaked at $X in 2020, and then fell significantly in the following year.

Imports by Country

Australia (X tons), Austria (X tons) and France (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to the UK, with a combined 59% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Australia ($X) and Spain ($X) were the largest iron and steel railway construction materials suppliers to the UK, with a combined 57% share of total imports.

Spain, with a CAGR of +21.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, picking up by 72% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for railway or tramway track construction material of iron or steel increased by +72.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Australia ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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