EU: Steel Railway Material Market 2024

Steel Railway Material Market Size in the EU

In 2022, the EU steel railway material market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a mild increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Steel Railway Material Production in the EU

In value terms, steel railway material production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

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Steel Railway Material Exports

Exports in the EU

In 2022, approx. X tons of railway or tramway track construction material of iron or steel were exported in the European Union; approximately reflecting the previous year. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, steel railway material exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Austria (X tons) was the largest exporter of railway or tramway track construction material of iron or steel, generating X% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Spain (X%), Poland (X%), France (X%) and Germany (X%). Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to steel railway material exports from Austria stood at X%. At the same time, France (X%), Poland (X%), Spain (X%) and Luxembourg (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), Spain (X p.p.), Poland (X p.p.) and Austria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Austria ($X) remains the largest steel railway material supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Austria was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Steel Railway Material Imports

Imports in the EU

In 2022, imports of railway or tramway track construction material of iron or steel in the European Union contracted modestly to X tons, remaining stable against the previous year. Total imports indicated a perceptible expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, steel railway material imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany was the main importing country with an import of around X tons, which reached X% of total imports. Italy (X tons) took the second position in the ranking, followed by France (X tons), Belgium (X tons), Sweden (X tons) and Poland (X tons). All these countries together took approx. X% share of total imports. Portugal (X tons), the Netherlands (X tons), the Czech Republic (X tons), Hungary (X tons), Spain (X tons), Romania (X tons) and Austria (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Portugal (X%), Italy (X%), the Czech Republic (X%), Austria (X%), France (X%), Hungary (X%), Spain (X%), the Netherlands (X%), Sweden (X%) and Romania (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Germany, Portugal and the Czech Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported railway or tramway track construction material of iron or steel in the European Union, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Sweden (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a slight downturn. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Austria ($X per ton), while France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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