Which Country Imports the Most Iron Railway Or Tramway Track Construction Material in the World?
Basic Iron And Steel May 28, 2018
IndexBox has just published a new report "World: Railway Or Tramway Track Construction Material Of Iron Or Steel - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
Global railway construction imports stood at 6.9M tonnes in 2016, waning by -4.9% against the previous year level. The total import volume increased at an average annual rate of +1.5% from 2007 to 2016- the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2015, when import increased by 12% year-to-year. In that year, global railway construction imports attained its maximum volume of 7.2M tonnes, falling back in the following year.
In value terms, railway construction imports totaled $3.5B in 2016. Overall, railway construction imports continue to indicate a relatively flat trend pattern. In that year, global railway construction imports reached its maximum level of $4.6B. From 2009 to 2016, growth of global railway construction imports failed to regain its strength.
Top Railway Construction Importing Countries in the World
1. USA (348.9 million USD)
2. Germany (286.1 million USD)
3. Canada (275.8 million USD)
4. Saudi Arabia (216.5 million USD)
5. Italy (92.1 million USD)
6. United Kingdom (47.7 million USD)
7. China (35.0 million USD)
8. Czech Republic (30.5 million USD)
9. Spain (22.7 million USD)
10. Russia (16.0 million USD)
11. Ukraine (15.5 million USD)
12. Japan (9.7 million USD)
Railway Construction Imports By Country
The imports of the twelve major importers of railway construction, namely China, Japan, the UK, Saudi Arabia, Germany, Russia, Canada, Czech Republic, the U.S., Italy, Ukraine, and Spain, represented more than half of total import.
From 2007 to 2016, the most notable growth rate of railway construction imports, among the main importing countries, was attained by Saudi Arabia (+30.9% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($349M), Germany ($286M) and Canada ($276M) constituted the countries with the highest levels of imports in 2016, with a combined 26% share of global imports.Saudi Arabia, Italy, the UK, China, Czech Republic, Spain, Russia, Ukraine and Japan lagged somewhat behind, together accounting for a further 14%.
Saudi Arabia (+29.1% per year) recorded the highest rates of growth with regard to the railway construction imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Railway Construction Import Prices By Country
In 2016, the average import price for railway construction amounted to $512 per tonne, shrinking by -7.9% against the previous year. In general, railway construction import price continues to indicate a measured setback. The most prominent rate of growth was recorded in 2008, when import price increased by 23% year-to-year. In that year, average railway construction import price reached its maximum level of $767 per tonne. From 2009 to 2016, growth of average railway construction import price failed to regain its strength.
Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($1,193 per tonne), while Japan ($15 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of railway construction import prices was attained by Ukraine (+4.8% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global railway construction market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- railway construction market share
- railway construction prices
- railway construction industry
- railway construction sales
- railway construction import
- railway construction export
- railway construction market forecast
- railway construction price forecast
- key railway construction producers
All data provided in this article covers the following product: HS Code 7302 - Railway or tramway track constructions of iron or steel- rails, check and track rails, switch blades, crossing frogs, point rods, sleepers, fish-plates, chair wedges, sole plates, bedplates, ties and the like.
