Eastern Asia: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Eastern Asia

The East Asian railway track fixture market dropped slightly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Railway Track Fixture Production in Eastern Asia

In value terms, railway track fixture production fell slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Railway Track Fixture Exports

Exports in Eastern Asia

In 2023, after two years of growth, there was decline in shipments abroad of railway or tramway track fixtures and fittings, when their volume decreased by X% to X tons. Total exports indicated a temperate expansion 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 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, railway track fixture exports amounted to $X in 2023. Total exports indicated resilient growth 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 most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Japan and South Korea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Railway Track Fixture Imports

Imports in Eastern Asia

In 2023, imports of railway or tramway track fixtures and fittings in Eastern Asia surged to X tons, growing by X% compared with the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to continue growth in years to come.

In value terms, railway track fixture imports rose notably to $X in 2023. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Macao SAR (X tons) and Taiwan (Chinese) (X tons) dominates imports structure, together generating X% of total imports. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total imports. The following importers - China (X tons), Japan (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Macao SAR (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Macao SAR ($X), Taiwan (Chinese) ($X) and China ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

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

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($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 more modest paces of growth.

Source: IndexBox Platform