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Report World - Railway Material of Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

World - Railway Material of Steel - Market Analysis, Forecast, Size, Trends and Insights

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Global Steel Railway Material Market 2025

Steel Railway Material Market Size

The global steel railway material market shrank modestly to $X in 2022, waning by -3% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by 7.4% against the previous year. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Steel Railway Material Production

In value terms, steel railway material production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 10%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Steel Railway Material Exports

Exports

In 2022, global steel railway material exports reached X tons, increasing by 2.2% compared with 2021 figures. In general, exports, however, showed a slight curtailment. The pace of growth was the most pronounced in 2015 with an increase of 5.9%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, steel railway material exports amounted to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) and China (X tons) represented roughly 33% of total exports in 2022. Japan (X tons) held a 9.1% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (7.8%), Russia (7.2%), the United States (6.9%), Spain (6.9%), Poland (5.9%) and Bahrain (5%).

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +16.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest steel railway material supplying countries worldwide were Austria ($X), China ($X) and the United States ($X), together accounting for 38% of global exports. Japan, Spain, Poland, the Czech Republic, Russia and Bahrain lagged somewhat behind, together accounting for a further 32%.

Bahrain, with a CAGR of +16.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the other global leaders experienced more modest paces of growth.

Steel Railway Material Imports

Imports

In 2022, the amount of railway material of steel imported worldwide declined to X tons, shrinking by -7.4% on the year before. Over the period under review, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2015 when imports increased by 7.8%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of global imports failed to regain momentum.

In value terms, steel railway material imports rose rapidly to $X in 2022. Overall, imports recorded a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons), followed by Canada (X tons), the United States (X tons) and France (X tons) represented the key importers of railway material of steel, together making up 33% of total imports. Italy (X tons), Brazil (X tons), Mexico (X tons), Switzerland (X tons), Sweden (X tons), Poland (X tons), Belgium (X tons), Australia (X tons) and the United Arab Emirates (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Italy (with a CAGR of +20.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest steel railway material importing markets worldwide were Germany ($X), Canada ($X) and the United States ($X), together accounting for 24% of global imports. Italy, Brazil, Switzerland, Mexico, Sweden, France, Belgium, Poland, Australia and the United Arab Emirates lagged somewhat behind, together comprising a further 29%.

Italy, with a CAGR of +14.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average steel railway material import price amounted to $X per ton, growing by 16% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of steel railway material consumption, comprising approx. 29% of total volume. Moreover, steel railway material consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.9% share.
The country with the largest volume of steel railway material production was China, accounting for 31% of total volume. Moreover, steel railway material production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.6% share.
In value terms, Austria, China and Japan were the countries with the highest levels of exports in 2021, together accounting for 36% of global exports. The United States, Spain, Poland, Germany, France, the Czech Republic and Russia lagged somewhat behind, together accounting for a further 43%.
In value terms, the largest steel railway material importing markets worldwide were Germany, Canada and Italy, together comprising 23% of global imports. These countries were followed by Iran, France, the United States, Belgium, Australia, Mexico, India, Brazil, Poland and Mongolia, which together accounted for a further 32%.
The average steel railway material export price stood at $1,169 per ton in 2021, increasing by 8.6% against the previous year.
The average steel railway material import price stood at $1,117 per ton in 2021, standing approx. at the previous year.

This report provides an in-depth analysis of the global steel railway material market. 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)
  • Prodcom 2410T252 - Railway material

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. CONSUMPTION BY COUNTRY
    3. 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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

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

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