Colombia: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Colombia

In 2023, after three years of growth, there was significant decline in the Colombian railway track fixture market, when its value decreased by X% to $X. Overall, consumption, however, recorded a measured expansion. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Railway Track Fixture Exports

Exports from Colombia

After three years of growth, shipments abroad of railway or tramway track fixtures and fittings decreased by X% to X kg in 2023. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, railway track fixture exports dropped to $X in 2023. In general, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Costa Rica (X kg) was the main destination for railway track fixture exports from Colombia, accounting for a X% share of total exports. Moreover, railway track fixture exports to Costa Rica exceeded the volume sent to the second major destination, Ecuador (X kg), fivefold. Brazil (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Brazil (X% per year).

In value terms, Costa Rica ($X) emerged as the key foreign market for railway or tramway track fixtures and fittings exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average railway track fixture export price stood at $X per ton in 2023, flattening at the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced a decline.

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Railway Track Fixture Imports

Imports into Colombia

In 2023, after three years of growth, there was significant decline in supplies from abroad of railway or tramway track fixtures and fittings, when their volume decreased by X% to X tons. In general, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, railway track fixture imports fell to $X in 2023. Over the period under review, imports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest railway track fixture supplier to Colombia, accounting for a X% share of total imports. Moreover, railway track fixture imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

In value terms, the largest railway track fixture suppliers to Colombia were Belgium ($X), the UK ($X) and China ($X), together accounting for X% of total imports. Spain, Italy, Israel, Brazil, South Korea and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Israel, 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 average railway track fixture import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2023: its price 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, railway track fixture import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform