Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in the Philippines - 2023
Contents:
- Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in the Philippines (CIF) - 2022
- Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in the Philippines
Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in the Philippines (CIF) - 2022
In 2022, the average import price for railway or tramway sleepers (cross-ties) of wood amounted to $471 per cubic meter, dropping by -67.4% against the previous year. In general, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2021 when the average import price increased by 137% against the previous year. As a result, import price attained the peak level of $1,446 per cubic meter, and then fell dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,251 per cubic meter), while the price for the United States amounted to $212 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in the Philippines
In 2022, purchases abroad of railway or tramway sleepers (cross-ties) of wood increased by 183% to 82 cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a resilient increase. 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 shrank to $39K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.7% 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 +71.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 57%. Over the period under review, imports of hit record highs at $42K in 2021, and then fell in the following year.
| Import of Railway or Tramway Sleepers (Cross-Ties) of Wood in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 24.0 | 2.8 | 22.8 | 52.7% |
| United States | 6.9 | 11.4 | 1.5 | 15.9 | 32.1% |
| Japan | N/A | N/A | 34.0 | N/A | 0% |
| Belgium | 5.5 | N/A | N/A | N/A | 0% |
| United Kingdom | 3.6 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 0.9 | N/A | 0% |
| Others | 0.2 | N/A | 2.8 | N/A | 274.2% |
| Total | 22.5 | 35.4 | 41.9 | 38.7 | 19.8% |
Top Suppliers of Railway or Tramway Sleepers (Cross-Ties) of Wood to the Philippines in 2022:
- United States (75.0 cubic meters)
- China (7.0 cubic meters)
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