Ireland: Overview of the Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2021

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Ireland

The Irish market for railway or tramway track construction material of iron or steel contracted rapidly to $X in 2020, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a precipitous decrease. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Ireland

In 2020, the amount of railway or tramway track construction material of iron or steel exported from Ireland reduced sharply to X tonnes, with a decrease of -X% compared with the year before. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, exports of railway or tramway track construction material of iron or steel declined dramatically to $X in 2020. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2020, the growth of exports remained at a somewhat lower figure.

Exports by Country

The UK (X tonnes), the Netherlands (X tonnes) and the U.S. (X tonnes) were the main destinations of exports of railway or tramway track construction material of iron or steel from Ireland, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and the U.S. ($X) were the largest markets for iron and steel railway construction materials exported from Ireland worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the UK recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per tonne in 2020, declining by -X% against the previous year. In general, the export price, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The export price peaked at $X per tonne in 2019, and then dropped in the following year.

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

From 2007 to 2020, 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 mixed trend patterns.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Ireland

Imports of railway or tramway track construction material of iron or steel into Ireland fell rapidly to X tonnes in 2020, waning by -X% on 2019 figures. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, imports of railway or tramway track construction material of iron or steel dropped remarkably to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2020, the UK (X tonnes) was the main supplier of iron and steel railway construction materials to Ireland, accounting for a X% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from the UK exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the UK totaled +X%.

In value terms, the UK ($X) constituted the largest supplier of iron and steel railway construction materials to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the UK amounted to +X%.

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per tonne in 2020, declining by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then dropped in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway track construction material of iron or steel in the world?

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The country with the largest volume of consumption of railway or tramway track construction material of iron or steel was China (6M tonnes), comprising approx. 33% of total volume. Moreover, consumption of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest consumer, Russia (1.3M tonnes), fivefold. The U.S. (1.2M tonnes) ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of railway or tramway track construction material of iron or steel in the world?

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China (6.3M tonnes) remains the largest iron and steel railway construction materials producing country worldwide, comprising approx. 34% of total volume. Moreover, production of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest producer, Russia (1.5M tonnes), fourfold. The U.S. (1.3M tonnes) ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of railway or tramway track construction material of iron or steel to Ireland?

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In value terms, the UK ($2.8M) constituted the largest supplier of iron and steel railway construction materials to Ireland, comprising 89% of total imports. The second position in the ranking was occupied by the U.S. ($46K), with a 1.4% share of total imports.

What are the leading importers of railway or tramway track construction material of iron or steel from Ireland?

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In value terms, the largest markets for iron and steel railway construction materials exported from Ireland were the UK ($18K), the Netherlands ($11K) and the U.S. ($4.4K), together comprising 94% of total exports.

What is the average export price for railway or tramway track construction material of iron or steel in Ireland?

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The average export price for railway or tramway track construction material of iron or steel stood at $1,466 per tonne in 2020, waning by -14.4% against the previous year.

What is the average import price for railway or tramway track construction material of iron or steel in Ireland?

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In 2020, the average import price for railway or tramway track construction material of iron or steel amounted to $2,334 per tonne, reducing by -10.5% against the previous year.