EU: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in the EU

After two years of growth, the EU railway track fixture market decreased by X% to $X in 2023. Overall, consumption continues to indicate a slight curtailment. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Railway Track Fixture Production in the EU

In value terms, railway track fixture production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Railway Track Fixture Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in overseas shipments of railway or tramway track fixtures and fittings, which increased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, railway track fixture exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Austria (X tons), distantly followed by Spain (X tons), Germany (X tons), Italy (X tons) and France (X tons) represented the major exporters of railway or tramway track fixtures and fittings, together making up X% of total exports. The following exporters - Belgium (X tons), Bulgaria (X tons), Poland (X tons), Croatia (X tons) and the Czech Republic (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Croatia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest railway track fixture supplying countries in the European Union were Germany ($X), Austria ($X) and Spain ($X), together comprising X% of total exports. Italy, France, Croatia, Belgium, Bulgaria, the Czech Republic and Poland lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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

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

Railway Track Fixture Imports

Imports in the EU

In 2023, after two years of growth, there was significant decline in purchases abroad of railway or tramway track fixtures and fittings, when their volume decreased by X% to X tons. In general, imports, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, railway track fixture imports contracted rapidly to $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2023, Germany (X tons), distantly followed by Austria (X tons), France (X tons), Slovenia (X tons), Spain (X tons), Romania (X tons), Italy (X tons), Sweden (X tons) and Ireland (X tons) were the key importers of railway or tramway track fixtures and fittings, together making up X% of total imports. The following importers - Luxembourg (X tons), Portugal (X tons), Slovakia (X tons) and Belgium (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to railway track fixture imports into Germany stood at X%. At the same time, Slovenia (X%), Spain (X%), Luxembourg (X%), Sweden (X%), Ireland (X%), Austria (X%), Romania (X%), Italy (X%), Slovakia (X%) and France (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Portugal experienced a relatively flat trend pattern. By contrast, Belgium (X%) illustrated a downward trend over the same period. Slovenia (X p.p.), Spain (X p.p.), Austria (X p.p.), Germany (X p.p.) and Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Portugal and Belgium saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Austria ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Sweden, Spain, Italy, Slovakia, Ireland, Romania, Luxembourg, Belgium, Slovenia and Portugal lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Slovenia, with a CAGR of X%, saw the highest growth rate of 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 import price in the European Union stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform