Turkey: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Turkey

The Turkish railway track fixture market surged to $X in 2021, growing by 131% against the previous year. In general, consumption showed a significant expansion. Railway track fixture consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Railway Track Fixture Production in Turkey

In value terms, railway track fixture production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 619% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Railway Track Fixture Exports

Exports from Turkey

In 2021, exports of railway or tramway track fixtures and fittings from Turkey contracted notably to X tons, with a decrease of -26.7% against the previous year's figure. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 110%. The exports peaked at X tons in 2020, and then reduced notably in the following year.

In value terms, railway track fixture exports reduced slightly to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 161% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Italy (X tons) and Qatar (X tons) were the main destinations of railway track fixture exports from Turkey, together accounting for 58% of total exports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +129.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Qatar ($X) and the United Arab Emirates ($X) were the largest markets for railway track fixture exported from Turkey worldwide, together comprising 53% of total exports.

Qatar, with a CAGR of +115.2%, recorded 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 railway track fixture export price amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 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 Oman ($X per ton), while the average price for exports to the United Arab Emirates ($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 Indonesia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Track Fixture Imports

Imports into Turkey

In 2021, the amount of railway or tramway track fixtures and fittings imported into Turkey fell notably to X tons, reducing by -70.1% on 2020 figures. Overall, imports, however, continue to indicate a noticeable expansion. The growth pace was the most rapid in 2013 when imports increased by 776%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, railway track fixture imports dropped markedly to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 529%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of railway track fixture imports to Turkey, together comprising 84% of total imports. These countries were followed by Austria, Bulgaria, France, the United States, Spain and the UK, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +126.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) were the largest railway track fixture suppliers to Turkey, with a combined 61% share of total imports. France, Austria, Bulgaria, Spain, the United States and the UK lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, the United States, with a CAGR of +104.8%, saw the highest growth rate of 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 railway track fixture import price amounted to $X per ton, waning by -26.7% against the previous year. In general, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 27%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :