South-Eastern Asia: Steel Railway Material Market 2024

Steel Railway Material Market Size in South-Eastern Asia

The Southeast Asian steel railway material market contracted to $X in 2022, falling by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Steel Railway Material Production in South-Eastern Asia

In value terms, steel railway material production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a moderate increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Steel Railway Material Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of railway or tramway track construction material of iron or steel increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, steel railway material exports reduced to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Thailand dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Singapore (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Indonesia (X%). The Philippines (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the railway or tramway track construction material of iron or steel exports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest steel railway material supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Steel Railway Material Imports

Imports in South-Eastern Asia

For the fourth year in a row, South-Eastern Asia recorded decline in supplies from abroad of railway or tramway track construction material of iron or steel, which decreased by X% to X tons in 2022. In general, imports showed a perceptible slump. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, steel railway material imports reduced to $X in 2022. Overall, imports saw a abrupt contraction. 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 in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Lao People's Democratic Republic (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and Cambodia (X tons) were the major importers of railway or tramway track construction material of iron or steel, together mixing up X% of total imports. Thailand (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported railway or tramway track construction material of iron or steel in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Indonesia, steel railway material imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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