Asia: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Asia

The Asian railway track fixture market contracted to $X in 2022, waning by X% against the previous year. In general, consumption saw a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Railway Track Fixture Production in Asia

In value terms, railway track fixture production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Railway Track Fixture Exports

Exports in Asia

In 2022, overseas shipments of railway or tramway track fixtures and fittings increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, railway track fixture exports skyrocketed to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. India (X tons) took the second position in the ranking, followed by Turkey (X tons). All these countries together took approx. X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey, India and South Korea increased by X, X and X percentage points, respectively.

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

In China, railway track fixture exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

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

Railway Track Fixture Imports

Imports in Asia

In 2022, overseas purchases of railway or tramway track fixtures and fittings increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a mild downturn. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, railway track fixture imports reached $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) was the largest importer of railway or tramway track fixtures and fittings, creating X% of total imports. It was distantly followed by Singapore (X tons), Uzbekistan (X tons), India (X tons), Taiwan (Chinese) (X tons) and Azerbaijan (X tons), together creating a X% share of total imports. The following importers - the United Arab Emirates (X tons), Georgia (X tons), Indonesia (X tons), Bangladesh (X tons), Qatar (X tons) and China (X tons) - together made up X% of total imports.

Imports into Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), India (X%), Singapore (X%), Bangladesh (X%), Azerbaijan (X%), Taiwan (Chinese) (X%), Indonesia (X%), Uzbekistan (X%) and Qatar (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Georgia experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Uzbekistan (X p.p.), India (X p.p.), the United Arab Emirates (X p.p.), Taiwan (Chinese) (X p.p.), Azerbaijan (X p.p.), Bangladesh (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Taiwan (Chinese) ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. China, the United Arab Emirates, India, Indonesia, Qatar, Uzbekistan, Azerbaijan, Bangladesh and Georgia lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, 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

The import price in Asia stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the 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 China ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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