Report Update Apr 1, 2024

Sri Lanka - Railway or Tramway Track Construction Material of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Steel Railway Material Market 2024

Steel Railway Material Market Size in Sri Lanka

In 2022, after three years of growth, there was significant decline in the Sri Lankan steel railway material market, when its value decreased by X% to $X. Overall, consumption saw a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank significantly in the following year.

Steel Railway Material Exports

Exports from Sri Lanka

In 2022, shipments abroad of railway or tramway track construction material of iron or steel decreased by X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, steel railway material exports reduced markedly to $X in 2022. Overall, exports recorded a significant contraction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for steel railway material exports from Sri Lanka, with a X% share of total exports. Moreover, steel railway material exports to Singapore exceeded the volume sent to the second major destination, Germany (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled X%.

In value terms, the largest markets for steel railway material exported from Sri Lanka were Singapore ($X) and Germany ($X).

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average steel railway material export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Steel Railway Material Imports

Imports into Sri Lanka

In 2022, purchases abroad of railway or tramway track construction material of iron or steel decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, steel railway material imports declined markedly to $X in 2022. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined significantly in the following year.

Imports by Country

India (X tons), China (X tons) and Australia (X tons) were the main suppliers of steel railway material imports to Sri Lanka, with a combined X% share of total imports. Belgium and France 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 Belgium (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), China ($X) and Australia ($X) appeared to be the largest steel railway material suppliers to Sri Lanka, together accounting for X% of total imports. France and Belgium lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway track construction material of iron or steel in the world?

China constituted the country with the largest volume of steel railway material consumption, accounting for 40% of total volume. Moreover, steel railway material consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was taken by Russia, with a 7.9% share.

What are the largest producers of railway or tramway track construction material of iron or steel in the world?

The country with the largest volume of steel railway material production was China, accounting for 43% of total volume. Moreover, steel railway material production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was held by Russia, with an 8.3% share.

What are the leading suppliers of railway or tramway track construction material of iron or steel to Sri Lanka?

In value terms, the largest steel railway material suppliers to Sri Lanka were India, China and Australia, together comprising 74% of total imports. France and Belgium lagged somewhat behind, together accounting for a further 19%.

What are the leading importers of railway or tramway track construction material of iron or steel from Sri Lanka?

In value terms, the largest markets for steel railway material exported from Sri Lanka were Singapore $172) and Germany $115).

What is the average export price for railway or tramway track construction material of iron or steel in Sri Lanka?

The average steel railway material export price stood at $6,239 per ton in 2022, surging by 34% against the previous year.

What is the average import price for railway or tramway track construction material of iron or steel in Sri Lanka?

In 2022, the average steel railway material import price amounted to $1,258 per ton, increasing by 23% against the previous year.

This report provides an in-depth analysis of the steel railway material market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24107500 - Railway material (of steel)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023