Price for Railway or Tramway Track Constructions of Iron or Steel in Slovakia - 2023

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Slovakia (CIF) - 2023
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Slovakia (FOB) - 2023
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Slovakia
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Slovakia

Price for Railway or Tramway Track Constructions of Iron or Steel in Slovakia (CIF) - 2023

The average import price for railway or tramway track constructions of iron or steel stood at $1,641 per ton in December 2023, shrinking by -64.8% against the previous month. In general, the import price, however, recorded a mild expansion. The growth pace was the most rapid in August 2023 when the average import price increased by 242% against the previous month. As a result, import price reached the peak level of $5,577 per ton. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Turkey ($2,547 per ton), while the price for China ($932 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Railway or Tramway Track Constructions of Iron or Steel in Slovakia (FOB) - 2023

In November 2023, the average export price for railway or tramway track constructions of iron or steel amounted to $4,005 per ton, declining by -24.3% against the previous month. Over the period under review, the export price recorded a perceptible curtailment. The growth pace was the most rapid in March 2023 when the average export price increased by 103% m-o-m. As a result, the export price reached the peak level of $8,048 per ton. From April 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Austria ($8,006 per ton), while the average price for exports to Germany ($2,586 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Slovakia

Imports of railway or tramway track constructions of iron or steel into Slovakia skyrocketed to 19K tons in 2022, growing by 32% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of railway or tramway track constructions of iron or steel fell sharply to $22M in 2022. In general, imports, however, continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $28M, and then dropped notably in the following year.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Slovakia in 2022:

1. Czech Republic (10.1K tons)
2. Poland (4.4K tons)
3. Austria (4.1K tons)
4. Germany (0.2K tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Slovakia

In 2022, shipments abroad of railway or tramway track constructions of iron or steel decreased by -40.3% to 3.7K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 51%.

In value terms, exports of railway or tramway track constructions of iron or steel fell notably to $15M in 2022. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Slovakia in 2022:

1. Czech Republic (2707.4 tons)
2. Germany (612.1 tons)
3. Austria (204.0 tons)
4. Slovenia (121.3 tons)

Source: IndexBox Market Intelligence Platform