Norway: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Norway

The Norwegian railway track fixture market stood at $X in 2023, increasing by X% against the previous year. In general, consumption, however, recorded a pronounced curtailment. Railway track fixture consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Railway Track Fixture Production in Norway

In value terms, railway track fixture production reached $X in 2023 estimated in export price. In general, production, however, saw a deep contraction. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Railway Track Fixture Exports

Exports from Norway

After three years of growth, overseas shipments of railway or tramway track fixtures and fittings decreased by X% to X tons in 2023. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then reduced remarkably in the following year.

In value terms, railway track fixture exports totaled $X in 2023. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Sweden (X tons), the UK (X tons) and Estonia (X tons) were the main destinations of railway track fixture exports from Norway, with a combined X% share of total exports. Poland, Germany, the Czech Republic and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for railway or tramway track fixtures and fittings exports from Norway, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

The average railway track fixture export price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Track Fixture Imports

Imports into Norway

In 2023, railway track fixture imports into Norway was estimated at X tons, increasing by X% on the previous year's figure. In general, imports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, railway track fixture imports shrank to $X in 2023. Overall, imports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Austria (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of railway track fixture imports to Norway, together accounting for X% of total imports. The UK, Switzerland, Belgium, the Czech Republic and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Switzerland ($X) appeared to be the largest railway track fixture suppliers to Norway, together comprising X% of total imports. The UK, Sweden, Belgium, the Czech Republic and Italy lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2023, the average railway track fixture import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform