Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana - 2022

Contents:

1. Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana (FOB) - 2022
2. Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana (CIF) - 2022
3. Exports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana
4. Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana

Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana (FOB) - 2022

The average export price for railway or tramway sleepers (cross-ties) of wood stood at $6,340 per cubic meter in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 4,686% against the previous year. As a result, the export price attained the peak level of $20,687 per cubic meter. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($6,467 per cubic meter), while the average price for exports to Niger stood at $6,235 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+65.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana (CIF) - 2022

In 2022, the average import price for railway or tramway sleepers (cross-ties) of wood amounted to $171 per cubic meter, dropping by -36.3% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 8.6%. Over the period under review, average import prices hit record highs at $397 per cubic meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($171 per cubic meter), while the price for South Africa amounted to $169 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+14.4%).

Exports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana

In 2022, exports of railway or tramway sleepers (cross-ties) of wood from Ghana declined to 144 cubic meters, with a decrease of -2.7% compared with the previous year. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 6.5%. The exports peaked at 203 cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of railway or tramway sleepers (cross-ties) of wood declined slightly to $913K in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 8.6%. As a result, the exports attained the peak of $951K, and then dropped in the following year.

Top Export Markets for Railway or Tramway Sleepers (Cross-Ties) of Wood from Ghana in 2022:

1. Niger (79.0 cubic meters)
2. Togo (65.0 cubic meters)

Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Ghana

In 2022, overseas purchases of railway or tramway sleepers (cross-ties) of wood were finally on the rise to reach 2.2K cubic meters after two years of decline. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 sleepers (cross-ties) of wood skyrocketed to $372K in 2022. In general, imports, however, recorded a abrupt setback. Over the period under review, imports of reached the peak figure at $616K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Railway or Tramway Sleepers (Cross-Ties) of Wood to Ghana in 2022:

1. China (2.1K cubic meters)
2. South Africa (0.1K cubic meters)

Source: IndexBox Market Intelligence Platform