Price for Railway or Tramway Track Constructions of Iron or Steel in India - 2023
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in India (CIF) - 2022
- Price for Railway or Tramway Track Constructions of Iron or Steel in India (FOB) - 2022
- Imports of Railway or Tramway Track Constructions of Iron or Steel in India
- Exports of Railway or Tramway Track Constructions of Iron or Steel in India
Price for Railway or Tramway Track Constructions of Iron or Steel in India (CIF) - 2022
The average import price for railway or tramway track constructions of iron or steel stood at $1,481 per ton in 2022, jumping by 21% against the previous year. Overall, the import price, however, saw a slight decline. Over the period under review, average import prices reached the peak figure at $1,740 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($2,492 per ton), while the price for Spain ($1,018 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Railway or Tramway Track Constructions of Iron or Steel in India (FOB) - 2022
In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $2,591 per ton, with an increase of 33% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for railway or tramway track constructions of iron or steel increased by +74.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 55% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,975 per ton), while the average price for exports to Nepal ($754 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 Brazil (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Railway or Tramway Track Constructions of Iron or Steel in India
In 2022, imports of railway or tramway track constructions of iron or steel into India shrank remarkably to 51K tons, which is down by -47.1% compared with the previous year's figure. In general, imports recorded a deep slump. The growth pace was the most rapid in 2021 when imports increased by 49%.
In value terms, imports of railway or tramway track constructions of iron or steel contracted dramatically to $76M in 2022. Over the period under review, imports faced a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of $118M, and then dropped sharply in the following year.
| Import of Railway or Tramway Track Constructions of Iron or Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 84.4 | 25.5 | 56.8 | 27.7 | -31.0% |
| Spain | 5.6 | 7.1 | 26.3 | 14.6 | 37.6% |
| China | 7.4 | 7.2 | 9.8 | 8.9 | 6.3% |
| Belgium | 2.3 | 5.1 | 4.8 | 7.3 | 47.0% |
| Slovenia | 3.8 | 6.8 | 6.1 | 4.7 | 7.3% |
| Romania | N/A | N/A | 5.1 | 2.1 | -58.8% |
| France | 0.1 | 13.2 | 0.1 | N/A | 0.0% |
| Others | 9.0 | 7.5 | 8.5 | 10.3 | 4.6% |
| Total | 113 | 72.5 | 118 | 75.6 | -12.5% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to India in 2022:
- Japan (23.1K tons)
- Spain (14.3K tons)
- China (4.4K tons)
- Belgium (2.9K tons)
- Slovenia (1.9K tons)
- Romania (1.0K tons)
Exports of Railway or Tramway Track Constructions of Iron or Steel in India
In 2022, overseas shipments of railway or tramway track constructions of iron or steel decreased by -27.3% to 17K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of 98%. As a result, the exports attained the peak of 36K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of railway or tramway track constructions of iron or steel dropped to $44M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 21%. As a result, the exports attained the peak of $54M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Railway or Tramway Track Constructions of Iron or Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.6 | 13.7 | 16.3 | 21.5 | 1.4% |
| Bangladesh | 8.3 | 13.6 | 11.8 | 6.3 | -8.8% |
| Mozambique | 0.7 | 1.5 | 3.0 | 3.4 | 69.4% |
| United Kingdom | 0.2 | N/A | 0.1 | 1.3 | 86.6% |
| Tanzania | 0.1 | 0.2 | 2.7 | 1.2 | 128.9% |
| Australia | 0.3 | 0.2 | 0.6 | 1.1 | 54.2% |
| Brazil | N/A | N/A | N/A | 0.7 | 0% |
| Ghana | 1.4 | 1.5 | 0.3 | 0.5 | -29.1% |
| Nepal | 0.2 | 3.0 | 2.0 | 0.5 | 35.7% |
| Saudi Arabia | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Nigeria | 0.2 | 0.7 | 0.1 | 0.2 | 0.0% |
| Sri Lanka | 1.1 | 12.0 | 2.3 | 0.1 | -55.0% |
| Myanmar | 3.1 | 2.8 | N/A | N/A | -9.7% |
| Others | 8.2 | 4.8 | 5.7 | 6.8 | -6.0% |
| Total | 44.7 | 54.2 | 45.4 | 43.7 | -0.8% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from India in 2022:
- United States (5.4K tons)
- Bangladesh (3.8K tons)
- Mozambique (1.4K tons)
- Tanzania (0.6K tons)
- Nepal (0.6K tons)
- United Kingdom (0.6K tons)
- Brazil (0.4K tons)
- Australia (0.4K tons)
- Ghana (0.3K tons)
- Saudi Arabia (0.3K tons)
- Nigeria (0.2K tons)
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This report provides an in-depth analysis of the steel railway material market in India.
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This report provides an in-depth analysis of the global steel railway material market.
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This report provides an in-depth analysis of the steel railway material market in India.
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This report provides an in-depth analysis of the global steel railway material market.
1299
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
986
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1323
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
1299
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
986
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1323
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
