CIS: Steel Railway Material Market 2024

Steel Railway Material Market Size in CIS

The CIS steel railway material market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a measured expansion 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Steel Railway Material Production in CIS

In value terms, steel railway material production contracted to $X in 2022 estimated in export price. The total production indicated buoyant 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Steel Railway Material Exports

Exports in CIS

Steel railway material exports reduced notably to X tons in 2022, dropping by X% against 2021. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, steel railway material exports reduced sharply to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Kazakhstan (X tons), committing a X% share of total exports. Belarus (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to steel railway material exports from Russia stood at X%. At the same time, Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia 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, Russia ($X) remains the largest steel railway material supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Russia, steel railway material exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

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

Steel Railway Material Imports

Imports in CIS

In 2022, purchases abroad of railway or tramway track construction material of iron or steel increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, steel railway material imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belarus was the major importer of railway or tramway track construction material of iron or steel in the CIS, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Azerbaijan (X tons), Kazakhstan (X tons), Uzbekistan (X tons) and Russia (X tons), together mixing up a X% share of total imports. Kyrgyzstan (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest steel railway material importing markets in the CIS were Belarus ($X), Kazakhstan ($X) and Azerbaijan ($X), together comprising X% of total imports. Uzbekistan, Russia and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

Kyrgyzstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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