Spain: Steel Railway Material Market 2024

Steel Railway Material Market Size in Spain

In 2022, the Spanish steel railway material market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a sharp downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Steel Railway Material Production in Spain

In value terms, steel railway material production rose slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Steel Railway Material Exports

Exports from Spain

In 2022, approx. X tons of railway or tramway track construction material of iron or steel were exported from Spain; growing by X% compared with 2021 figures. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, steel railway material exports soared to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Belgium (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of steel railway material exports from Spain, with a combined X% share of total exports. Finland, India, Estonia, Ireland, France, Brazil, Germany, Argentina, Turkey and Lithuania lagged somewhat behind, together accounting for 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 Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel railway material exported from Spain were Portugal ($X), Belgium ($X) and Italy ($X), with a combined X% share of total exports. France, Finland, Ireland, Estonia, Germany, Turkey, Brazil, India, Argentina and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel railway material export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 France ($X per ton), while the average price for exports to India ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Spain

In 2022, approx. X tons of railway or tramway track construction material of iron or steel were imported into Spain; growing by X% compared with the previous year's figure. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, steel railway material imports skyrocketed to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest steel railway material supplier to Spain, accounting for a X% share of total imports. Moreover, steel railway material imports from France exceeded the figures recorded by the second-largest supplier, Estonia (X tons), fourfold. Luxembourg (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Luxembourg (X% per year).

In value terms, France ($X), Luxembourg ($X) and China ($X) appeared to be the largest steel railway material suppliers to Spain, together comprising X% of total imports. Austria, Estonia, Turkey, Portugal, Belgium and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steel railway material import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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