Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Malaysia - 2023

Contents:

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

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

In 2022, the average export price for railway or tramway sleepers (cross-ties) of wood amounted to $650 per cubic meter, declining by -18.7% against the previous year. Over the period under review, the export price, however, showed a notable expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 79%. Over the period under review, the average export prices reached the maximum at $900 per cubic meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($737 per cubic meter), while the average price for exports to Sri Lanka ($173 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.2%), 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 Malaysia (CIF) - 2022

The average import price for railway or tramway sleepers (cross-ties) of wood stood at $727 per cubic meter in 2022, flattening at the previous year. Over the period under review, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 252%. Over the period under review, average import prices attained the peak figure at $942 per cubic meter in 2017; however, from 2018 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 ($732 per cubic meter), while the price for Singapore amounted to $655 per cubic meter.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of railway or tramway sleepers (cross-ties) of wood increased by 40% to 8.6K cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt shrinkage. The exports peaked at 13K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway sleepers (cross-ties) of wood expanded remarkably to $5.6M in 2022. Overall, exports, however, showed a abrupt shrinkage. The exports peaked at $8.6M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Railway or Tramway Sleepers (Cross-Ties) of Wood in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan5.24.04.24.5-4.7%
South Korea0.30.20.20.944.2%
Sri LankaN/A0.10.10.10.0%
Thailand0.20.30.10.1-20.6%
Yemen2.7N/AN/AN/A0%
Others0.30.40.4N/A15.5%
Total8.64.94.95.6-13.3%

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

  1. Japan (6.1K cubic meters)
  2. South Korea (1.7K cubic meters)
  3. Sri Lanka (0.7K cubic meters)
  4. Thailand (0.1K cubic meters)

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

After two years of decline, overseas purchases of railway or tramway sleepers (cross-ties) of wood decreased by -50.5% to 48 cubic meters in 2022. In general, imports faced a significant curtailment. Over the period under review, imports of reached the peak figure at 887 cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of railway or tramway sleepers (cross-ties) of wood reduced rapidly to $35K in 2022. Overall, imports continue to indicate a dramatic setback. Over the period under review, imports of attained the maximum at $589K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Railway or Tramway Sleepers (Cross-Ties) of Wood in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China285N/A65.732.9-51.3%
Singapore304N/A4.12.0-81.3%
OthersN/AN/AN/AN/A0%
Total589N/A69.834.9-61.0%

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

  1. China (45.0 cubic meters)
  2. Singapore (3.0 cubic meters)

Source: IndexBox Market Intelligence Platform

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