Price for Railway or Tramway Track Constructions of Iron or Steel in Turkey - 2024
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in Turkey (FOB) - 2024
- Price for Railway or Tramway Track Constructions of Iron or Steel in Turkey (CIF) - 2024
- Exports of Railway or Tramway Track Constructions of Iron or Steel in Turkey
- Imports of Railway or Tramway Track Constructions of Iron or Steel in Turkey
Price for Railway or Tramway Track Constructions of Iron or Steel in Turkey (FOB) - 2024
In January 2024, the average export price for railway or tramway track constructions of iron or steel amounted to $1,410 per ton, shrinking by -5% against the previous month. Over the period under review, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 14% month-to-month. As a result, the export price attained the peak level of $2,140 per ton. From July 2023 to January 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Bulgaria ($2,606 per ton), while the average price for exports to Afghanistan ($645 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Railway or Tramway Track Constructions of Iron or Steel in Turkey (CIF) - 2024
In January 2024, the average import price for railway or tramway track constructions of iron or steel amounted to $987 per ton, shrinking by -6.7% against the previous month. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in October 2023 when the average import price increased by 98% m-o-m. As a result, import price attained the peak level of $2,347 per ton. From November 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($15,000 per ton), while the price for Poland ($923 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 Italy (+31.5%), while the prices for the other major suppliers experienced a decline.
Exports of Railway or Tramway Track Constructions of Iron or Steel in Turkey
In 2022, exports of railway or tramway track constructions of iron or steel from Turkey was estimated at 24K tons, surging by 5.5% compared with the previous year. In general, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
In value terms, exports of railway or tramway track constructions of iron or steel skyrocketed to $39M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Railway or Tramway Track Constructions of Iron or Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.8 | 2.3 | 3.7 | 5.6 | 26.0% |
| Kazakhstan | 2.1 | 2.4 | 3.1 | 5.3 | 36.2% |
| Italy | 1.8 | 3.5 | 2.6 | 3.4 | 23.6% |
| Serbia | 4.3 | 2.4 | 2.4 | 3.0 | -11.3% |
| Egypt | N/A | 0.1 | 0.2 | 2.9 | 438.5% |
| Spain | 0.6 | 0.1 | 1.1 | 2.0 | 49.4% |
| Austria | 1.4 | 1.2 | 1.1 | 1.8 | 8.7% |
| Azerbaijan | 0.2 | 0.3 | 2.8 | 1.3 | 86.6% |
| Belgium | 1.6 | 0.5 | 1.0 | 1.3 | -6.7% |
| Iraq | 0.3 | 0.2 | 0.7 | 1.0 | 49.4% |
| India | 0.4 | 0.4 | 1.5 | 0.9 | 31.0% |
| United Arab Emirates | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Switzerland | 0.4 | 0.3 | 0.6 | 0.7 | 20.5% |
| Others | 14.6 | 8.3 | 10.9 | 9.0 | -14.9% |
| Total | 30.4 | 21.9 | 31.9 | 39.0 | 8.7% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Turkey in 2022:
- Germany (3.6K tons)
- Italy (2.6K tons)
- Egypt (2.4K tons)
- Kazakhstan (2.4K tons)
- Serbia (1.8K tons)
- Spain (1.7K tons)
- Austria (1.0K tons)
- Belgium (0.9K tons)
- Azerbaijan (0.8K tons)
- Iraq (0.7K tons)
- India (0.6K tons)
- United Arab Emirates (0.5K tons)
- Switzerland (0.5K tons)
Imports of Railway or Tramway Track Constructions of Iron or Steel in Turkey
In 2022, after two years of decline, there was significant growth in overseas purchases of railway or tramway track constructions of iron or steel, when their volume increased by 226% to 20K tons. In general, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of railway or tramway track constructions of iron or steel surged to $36M in 2022. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Railway or Tramway Track Constructions of Iron or Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.3 | 0.8 | 1.7 | 10.0 | 221.8% |
| Romania | 3.4 | 4.9 | 2.1 | 7.6 | 30.8% |
| Poland | 2.9 | 4.5 | 2.8 | 5.2 | 21.5% |
| Austria | 5.0 | 3.2 | 1.7 | 3.6 | -10.4% |
| Germany | 4.4 | 2.0 | 2.2 | 3.6 | -6.5% |
| China | 2.3 | 0.8 | 0.4 | 2.1 | -3.0% |
| United Kingdom | 0.6 | 0.3 | 0.1 | 0.9 | 14.5% |
| Luxembourg | 2.2 | 0.1 | 0.4 | 0.3 | -48.5% |
| Others | 1.8 | 0.9 | 1.3 | 2.3 | 8.5% |
| Total | 22.9 | 17.7 | 12.7 | 35.7 | 16.0% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Turkey in 2022:
- Spain (9.2K tons)
- Poland (4.2K tons)
- Austria (1.8K tons)
- China (1.4K tons)
- Romania (1.2K tons)
- Germany (1.1K tons)
- United Kingdom (0.7K tons)
- Luxembourg (0.2K tons)
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This report provides an in-depth analysis of the steel railway material market in Turkey.
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This report provides an in-depth analysis of the global steel railway material market.
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
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China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
