Report Asia - Railway Material of Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 24, 2022

Asia - Railway Material of Steel - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Steel Railway Material Market 2022

Steel Railway Material Market Size in Asia

The Asian steel railway material market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Steel Railway Material Production in Asia

In value terms, steel railway material production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 14%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Steel Railway Material Exports

Exports in Asia

In 2021, steel railway material exports in Asia expanded markedly to X tons, surging by 5.2% against 2020. Overall, exports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2015 with an increase of 28%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, steel railway material exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced reduction. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Japan (X tons) represented roughly 73% of total exports in 2021. It was distantly followed by Bahrain (X tons), comprising a 17% share of total exports. The following exporters - Turkey (X tons), Saudi Arabia (X tons) and India (X tons) - each amounted to a 6.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest steel railway material supplying countries in Asia were China ($X), Japan ($X) and Bahrain ($X), together accounting for 82% of total exports.

In terms of the main exporting countries, Bahrain, with a CAGR of +18.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the export price increased by 11% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.4%), while the other leaders experienced more modest paces of growth.

Steel Railway Material Imports

Imports in Asia

In 2021, supplies from abroad of railway material of steel increased by 28% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.5% against 2016 indices. The pace of growth was the most pronounced in 2016 when imports increased by 38%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, steel railway material imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Iran (X tons) represented the main importer of railway material of steel, achieving 28% of total imports. India (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (8%), Taiwan (Chinese) (6.4%), China (6.1%), Indonesia (4.9%) and Vietnam (4.6%). The following importers - Uzbekistan (X tons), Mongolia (X tons), Lao People's Democratic Republic (X tons), South Korea (X tons), Syrian Arab Republic (X tons) and Singapore (X tons) - together made up 15% of total imports.

From 2012 to 2021, average annual rates of growth with regard to steel railway material imports into Iran stood at +21.9%. At the same time, Lao People's Democratic Republic (+37.4%), India (+15.5%), Mongolia (+12.1%), the United Arab Emirates (+9.1%), Syrian Arab Republic (+8.4%), Taiwan (Chinese) (+6.0%), Singapore (+5.4%), Vietnam (+5.1%) and Uzbekistan (+4.2%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in Asia, with a CAGR of +37.4% from 2012-2021. By contrast, Indonesia (-3.5%), South Korea (-5.0%) and China (-7.2%) illustrated a downward trend over the same period. Iran (+23 p.p.), India (+7.1 p.p.), the United Arab Emirates (+4 p.p.), Taiwan (Chinese) (+2.2 p.p.), Lao People's Democratic Republic (+2.2 p.p.) and Mongolia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Indonesia and China saw its share reduced by -1.7%, -2.6% and -7.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X), India ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 37% of total imports. These countries were followed by the United Arab Emirates, Uzbekistan, Indonesia, Taiwan (Chinese), Vietnam, Mongolia, Singapore, Syrian Arab Republic, South Korea and Lao People's Democratic Republic, which together accounted for a further 36%.

Lao People's Democratic Republic, with a CAGR of +29.1%, recorded the highest growth rate of the value of imports, among 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

In 2021, the import price in Asia amounted to $X per ton, leveling off at the previous year. In general, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2019 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for railway material of steel in Asia?
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The country with the largest volume of steel railway material consumption was China, accounting for 48% of total volume. Moreover, steel railway material consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was held by Japan, with an 8% share.
What are the largest producers of railway material of steel in Asia?
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China constituted the country with the largest volume of steel railway material production, comprising approx. 51% of total volume. Moreover, steel railway material production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was taken by Japan, with an 11% share.
What are the leading suppliers of railway material of steel in Asia?
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In value terms, China, Japan and Bahrain were the countries with the highest levels of exports in 2021, together comprising 82% of total exports.
What are the leading importers of railway material of steel in Asia?
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In value terms, the largest steel railway material importing markets in Asia were Iran, India and China, together comprising 37% of total imports. The United Arab Emirates, Uzbekistan, Indonesia, Taiwan Chinese), Vietnam, Mongolia, Singapore, Syrian Arab Republic, South Korea and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 36%.
What is the average export price for railway material of steel in Asia?
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The export price in Asia stood at $934 per ton in 2021, rising by 11% against the previous year.
What is the average import price for railway material of steel in Asia?
+
The import price in Asia stood at $1,119 per ton in 2021, standing approx. at the previous year.

This report provides an in-depth analysis of the steel railway material market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24107500 - Railway material (of steel)
• Prodcom 2410T252 - Railway material
Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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