Asia-Pacific: Steel Railway Material Market 2024

Steel Railway Material Market Size in Asia-Pacific

The Asia-Pacific steel railway material market dropped slightly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Steel Railway Material Production in Asia-Pacific

In value terms, steel railway material production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Steel Railway Material Exports

Exports in Asia-Pacific

In 2022, approx. X tons of railway or tramway track construction material of iron or steel were exported in Asia-Pacific; with an increase of X% against the previous year. Overall, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, steel railway material exports surged to $X in 2022. Over the period under review, exports, however, showed a noticeable decline. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) was the main exporter of railway or tramway track construction material of iron or steel, comprising X% of total exports. It was distantly followed by Japan (X tons), making up a X% share of total exports. The following exporters - India (X tons) and Australia (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest steel railway material supplying countries in Asia-Pacific were China ($X), Japan ($X) and India ($X), with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Steel Railway Material Imports

Imports in Asia-Pacific

Steel railway material imports declined dramatically to X tons in 2022, waning by X% compared with 2021. Overall, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, steel railway material imports contracted to $X in 2022. Over the period under review, imports recorded a slight setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Australia (X tons) and India (X tons) represented roughly X% of total imports in 2022. Indonesia (X tons) held the next position in the ranking, followed by China (X tons), Bangladesh (X tons), South Korea (X tons) and Lao People's Democratic Republic (X tons). All these countries together held near X% share of total imports. Malaysia (X tons), Vietnam (X tons), Singapore (X tons), Cambodia (X tons) and Hong Kong SAR (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel railway material importing markets in Asia-Pacific were Australia ($X), India ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Indonesia, China, Bangladesh, Singapore, South Korea, Vietnam, Hong Kong SAR, Malaysia, Lao People's Democratic Republic and Cambodia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached 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 Hong Kong SAR ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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