Latin America and the Caribbean: Railway Track Fixture Market 2024

Railway Track Fixture Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of railway or tramway track fixtures and fittings increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports recorded a perceptible increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, railway track fixture exports skyrocketed to $X in 2023. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Mexico was the largest exporter of railway or tramway track fixtures and fittings in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Brazil (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%). The following exporters - Chile (X tons) and Ecuador (X tons) - each finished at a X% share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Ecuador (X%), Chile (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Argentina (X p.p.), Chile (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Mexico ($X) remains the largest railway track fixture supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with an X% share of total exports. It was followed by Argentina, with a X% share.

In Mexico, railway track fixture exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price enjoyed resilient growth. The growth pace was the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Railway Track Fixture Imports

Imports in Latin America and the Caribbean

In 2023, overseas purchases of railway or tramway track fixtures and fittings increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, railway track fixture imports soared to $X in 2023. Total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the largest importing country with an import of about X tons, which finished at X% of total imports. Panama (X tons) held the second position in the ranking, followed by Brazil (X tons), Argentina (X tons) and Uruguay (X tons). All these countries together held near X% share of total imports. The following importers - Chile (X tons) and Colombia (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to railway track fixture imports into Mexico stood at X%. At the same time, Uruguay (X%), Panama (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Panama (X p.p.) and Uruguay (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported railway or tramway track fixtures and fittings in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Panama, with a X% share.

In Mexico, railway track fixture imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Panama (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a slight reduction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

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

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

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Source: IndexBox Platform