South-Eastern Asia: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in South-Eastern Asia

The Southeast Asian railway track fixture market fell modestly to $X in 2023, which is down by X% against the previous year. The total consumption indicated a notable expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Railway Track Fixture Production in South-Eastern Asia

In value terms, railway track fixture production expanded sharply to $X in 2023 estimated in export price. The total production indicated a temperate increase from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Railway Track Fixture Exports

Exports in South-Eastern Asia

Railway track fixture exports skyrocketed to X tons in 2023, with an increase of X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, railway track fixture exports surged to $X in 2023. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Singapore (X tons) was the major exporter of railway or tramway track fixtures and fittings, achieving X% of total exports. It was distantly followed by Malaysia (X tons), mixing up a X% share of total exports. Vietnam (X tons) and Thailand (X tons) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Singapore, Vietnam and Thailand increased by X, X and X percentage points, respectively.

In value terms, Singapore ($X) emerged as the largest railway track fixture supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Singapore, railway track fixture exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, approximately mirroring the previous year. In general, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Railway Track Fixture Imports

Imports in South-Eastern Asia

Railway track fixture imports fell to X tons in 2023, dropping by X% compared with the previous year's figure. Total imports indicated a pronounced increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, railway track fixture imports contracted to $X in 2023. Total imports indicated a notable expansion from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Singapore represented the largest importer of railway or tramway track fixtures and fittings in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Indonesia (X tons) held the second position in the ranking, followed by Malaysia (X tons), Vietnam (X tons), Myanmar (X tons) and Thailand (X tons). All these countries together took approx. X% share of total imports.

Singapore was also the fastest-growing in terms of the railway or tramway track fixtures and fittings imports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) and Myanmar (X%) displayed positive paces of growth. Malaysia and Indonesia experienced a relatively flat trend pattern. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malaysia (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Myanmar, Thailand and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw the highest growth rate of 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 import price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild decline. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform