SADC: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in SADC

The SADC railway track fixture market fell markedly to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Railway Track Fixture Production in SADC

In value terms, railway track fixture production reached $X in 2023 estimated in export price. Over the period under review, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Railway Track Fixture Exports

Exports in SADC

In 2023, shipments abroad of railway or tramway track fixtures and fittings decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, railway track fixture exports plummeted to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X tons) represented the key exporter of railway or tramway track fixtures and fittings, mixing up X% of total exports. It was distantly followed by Namibia (X tons), constituting a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Namibia (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Namibia increased by X percentage points.

In value terms, South Africa ($X) remains the largest railway track fixture supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, declining by X% against the previous year. Export price indicated a pronounced increase 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. Based on 2023 figures, railway track fixture export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per ton in 2021; however, from 2022 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 South Africa ($X per ton), while Namibia amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Railway Track Fixture Imports

Imports in SADC

In 2023, imports of railway or tramway track fixtures and fittings in SADC contracted sharply to X tons, waning by X% against the previous year. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, railway track fixture imports shrank rapidly to $X in 2023. In general, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Tanzania (X tons) and South Africa (X tons) dominates imports structure, together constituting X% of total imports. Mozambique (X tons) ranks next in terms of the total imports with a X% share, followed by Zimbabwe (X%). Angola (X tons), Botswana (X tons) and Zambia (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Tanzania (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, South Africa ($X) constitutes the largest market for imported railway or tramway track fixtures and fittings in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with an X% share of total imports. It was followed by Mozambique, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Mozambique (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, dropping by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2023: its price 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, railway track fixture import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Africa ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform