Ireland: Railway Construction Market Overview 2020

Railway Construction Market Size in Ireland

The revenue of the railway construction market in Ireland amounted to $X in 2018, coming down by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Railway construction consumption peaked at $X in 2017, and then declined slightly in the following year.

Railway Construction Production in Ireland

In value terms, railway construction production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Railway construction production peaked in 2018 and is expected to retain its growth in the near future.

Railway Construction Exports

Exports from Ireland

In 2018, the railway construction exports from Ireland amounted to X tonnes, falling by -X% against the previous year. Overall, railway construction exports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, railway construction exports amounted to $X in 2018. In general, railway construction exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, railway construction exports reached their maximum at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination for railway construction exports from Ireland, accounting for a X% share of total exports. Moreover, railway construction exports to Viet Nam exceeded the volume sent to the second major destination, the UK (X tonnes), threefold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Viet Nam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and India (-X% per year).

In value terms, the UK ($X), Viet Nam ($X) and India ($X) appeared to be the largest markets for railway construction exported from Ireland worldwide, with a combined X% share of total exports.

The UK recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced mixed trend patterns.

Export Prices by Country

The average railway construction export price stood at $X per tonne in 2018, jumping by X% against the previous year. In general, the railway construction export price continues to indicate a prominent increase. The growth pace was the most rapid in 2013 an increase of X% year-to-year. In that year, the average export prices for railway or tramway track construction material of iron or steel attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average export prices for railway or tramway track construction material of iron or steel remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Railway Construction Imports

Imports into Ireland

In 2018, the railway construction imports into Ireland totaled X tonnes, reducing by -X% against the previous year. In general, railway construction imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, railway construction imports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, railway construction imports totaled $X in 2018. Overall, railway construction imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

The UK (X tonnes), Austria (X tonnes) and Spain (X tonnes) were the main suppliers of railway construction imports to Ireland, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Spain, while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) constituted the largest supplier of railway construction to Ireland, comprising X% of total railway construction imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Spain (+X% per year).

Import Prices by Country

In 2018, the average railway construction import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the railway construction import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 when the average import price increased by X% y-o-y. In that year, the average import prices for railway or tramway track construction material of iron or steel reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Austria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform