Asia-Pacific: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Asia-Pacific

The Asia-Pacific railway track fixture market contracted slightly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, saw a noticeable slump. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Railway Track Fixture Production in Asia-Pacific

In value terms, railway track fixture production fell to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Railway Track Fixture Exports

Exports in Asia-Pacific

After two years of growth, overseas shipments of railway or tramway track fixtures and fittings decreased by X% to X tons in 2023. Total exports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, railway track fixture exports expanded remarkably to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in the near future.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by India (X tons), constituting a X% share of total exports. The following exporters - Singapore (X tons), South Korea (X tons) and Japan (X tons) - each recorded a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%), Singapore (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. India (X p.p.), Singapore (X p.p.), Japan (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest railway track fixture supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, railway track fixture exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Railway Track Fixture Imports

Imports in Asia-Pacific

In 2023, the amount of railway or tramway track fixtures and fittings imported in Asia-Pacific reduced modestly to X tons, remaining relatively unchanged against 2022 figures. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, railway track fixture imports fell slightly to $X in 2023. Total imports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of railway or tramway track fixtures and fittings, namely India, New Zealand, Macao SAR, Singapore and Taiwan (Chinese), represented more than two-thirds of total import. It was distantly followed by Indonesia (X tons), Australia (X tons) and Malaysia (X tons), together achieving a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest railway track fixture importing markets in Asia-Pacific were Macao SAR ($X), Singapore ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

Macao SAR, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 2023, declining by X% against the previous year. In general, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Macao SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform