Italy: Steel Railway Material Market 2024

Steel Railway Material Market Size in Italy

The Italian steel railway material market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Steel Railway Material Production in Italy

In value terms, steel railway material production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Steel Railway Material Exports

Exports from Italy

In 2022, overseas shipments of railway or tramway track construction material of iron or steel decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel railway material exports skyrocketed to $X in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons), Egypt (X tons) and Bulgaria (X tons) were the main destinations of steel railway material exports from Italy, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Switzerland ($X) and Argentina ($X) appeared to be the largest markets for steel railway material exported from Italy worldwide, with a combined X% share of total exports.

Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price 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, steel railway material export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Italy

Steel railway material imports into Italy shrank markedly to X tons in 2022, reducing by X% compared with the year before. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, steel railway material imports reduced notably to $X in 2022. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Austria (X tons) and Poland (X tons) were the main suppliers of steel railway material imports to Italy, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel railway material suppliers to Italy were France ($X), Germany ($X) and Austria ($X), together comprising X% of total imports. Spain, Poland, Luxembourg and Turkey lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average steel railway material import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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