Price for Railway or Tramway Track Constructions of Iron or Steel in Serbia - 2024

Contents:

  1. Price for Railway or Tramway Track Constructions of Iron or Steel in Serbia (CIF) - 2024
  2. Price for Railway or Tramway Track Constructions of Iron or Steel in Serbia (FOB) - 2022
  3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Serbia
  4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Serbia

Price for Railway or Tramway Track Constructions of Iron or Steel in Serbia (CIF) - 2024

In January 2024, the average import price for railway or tramway track constructions of iron or steel amounted to $1,512 per ton, which is down by -50.2% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2023 an increase of 100% against the previous month. As a result, import price reached the peak level of $3,038 per ton, and then declined rapidly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Luxembourg ($2,311 per ton), while the price for Italy ($1,242 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Austria (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Serbia (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $2,290 per ton, rising by 14% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 73% against the previous year. As a result, the export price reached the peak level of $2,488 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($3,411 per ton), while the average price for exports to Bosnia and Herzegovina ($1,574 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+141.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Serbia

For the third consecutive year, Serbia recorded decline in overseas purchases of railway or tramway track constructions of iron or steel, which decreased by -13% to 8.8K tons in 2022. In general, imports showed a precipitous curtailment.

In value terms, imports of railway or tramway track constructions of iron or steel contracted to $14M in 2022. Overall, imports recorded a sharp shrinkage.

Import of Railway or Tramway Track Constructions of Iron or Steel in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland22.55.32.43.2-47.8%
Austria1.81.94.62.815.9%
Turkey2.32.81.61.6-11.4%
China2.6N/A0.11.6-14.9%
ItalyN/AN/A0.71.5114.3%
Luxembourg0.90.80.61.03.6%
Bosnia and HerzegovinaN/AN/AN/A0.20%
Czech Republic0.31.00.70.1-30.7%
Others2.73.53.11.7-14.3%
Total33.215.413.813.8-25.4%

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Serbia in 2022:

  1. Austria (2241.8 tons)
  2. Poland (2200.5 tons)
  3. Italy (1327.8 tons)
  4. China (1056.5 tons)
  5. Turkey (913.3 tons)
  6. Luxembourg (407.0 tons)
  7. Bosnia and Herzegovina (284.9 tons)
  8. Czech Republic (73.8 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Serbia

Exports of railway or tramway track constructions of iron or steel from Serbia fell sharply to 356 tons in 2022, reducing by -15.4% against the previous year. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 32%.

In value terms, exports of railway or tramway track constructions of iron or steel declined slightly to $815K in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. As a result, the exports attained the peak of $849K, and then contracted in the following year.

Export of Railway or Tramway Track Constructions of Iron or Steel in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina247127322224-3.2%
Poland45.635.684.019161.2%
Austria55.683.0N/A12430.7%
Croatia46.091.847.810330.8%
Belgium10.7N/A12.456.574.1%
North Macedonia37.512.229.732.4-4.8%
Bulgaria11217.114.325.9-38.6%
Montenegro39.166.521124.0-15.0%
Romania40.7N/A13.516.9-25.4%
Slovenia29.118.530.90.3-78.2%
Others11511684.216.1-48.1%
Total7785688498151.6%

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Serbia in 2022:

  1. Bosnia and Herzegovina (142.5 tons)
  2. Poland (56.1 tons)
  3. Austria (48.5 tons)
  4. Croatia (41.8 tons)
  5. Belgium (19.1 tons)
  6. Bulgaria (11.1 tons)
  7. North Macedonia (10.7 tons)
  8. Montenegro (10.4 tons)
  9. Romania (5.6 tons)
  10. Slovenia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Railway or tramway track constructions of iron or steel - Serbia