Malaysia: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Malaysia

The Malaysian railway track fixture market reached $X in 2022, approximately mirroring the previous year. Overall, consumption, however, saw a resilient expansion. Railway track fixture consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Railway Track Fixture Production in Malaysia

In value terms, railway track fixture production totaled $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Railway Track Fixture Exports

Exports from Malaysia

In 2022, the amount of railway or tramway track fixtures and fittings exported from Malaysia surged to X tons, increasing by X% compared with the previous year. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, railway track fixture exports rose significantly to $X in 2022. Over the period under review, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Italy (X tons) and Australia (X tons) were the main destinations of railway track fixture exports from Malaysia, with a combined X% share of total exports. Vietnam, Singapore, Qatar, France and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for railway track fixture exported from Malaysia were Indonesia ($X), Vietnam ($X) and Australia ($X), with a combined X% share of total exports. Singapore, Italy, France, Qatar and India lagged somewhat behind, together comprising a further X%.

Italy, 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

The average railway track fixture export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Italy ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Track Fixture Imports

Imports into Malaysia

After two years of growth, supplies from abroad of railway or tramway track fixtures and fittings decreased by X% to X tons in 2022. In general, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, railway track fixture imports declined notably to $X in 2022. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and South Korea (X tons) were the main suppliers of railway track fixture imports to Malaysia, with a combined X% share of total imports. Hong Kong SAR, Sweden, the United States, Switzerland, the UK and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of railway or tramway track fixtures and fittings to Malaysia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Sweden (X% per year).

Import Prices by Country

The average railway track fixture import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price recorded mild growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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