Asia-Pacific: Railway Sleeper Market 2024

Railway Sleeper Market Size in Asia-Pacific

The Asia-Pacific railway sleeper market dropped modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a deep reduction. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Railway Sleeper Production in Asia-Pacific

In value terms, railway sleeper production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a deep slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Railway Sleeper Exports

Exports in Asia-Pacific

In 2022, shipments abroad of railway or tramway sleepers (cross-ties) of wood was finally on the rise to reach X cubic meters for the first time since 2014, thus ending a seven-year declining trend. Overall, exports, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, railway sleeper exports declined slightly to $X in 2022. In general, exports, however, saw a precipitous curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic People's Republic of Korea dominates exports structure, accounting for X cubic meters, which was near X% of total exports in 2022. India (X cubic meters) took a little share of total exports.

Democratic People's Republic of Korea was also the fastest-growing in terms of the railway or tramway sleepers (cross-ties) of wood exports, with a CAGR of X% from 2012 to 2022. India (X%) illustrated a downward trend over the same period. While the share of Democratic People's Republic of Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, Democratic People's Republic of Korea ($X) remains the largest railway sleeper supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In Democratic People's Republic of Korea, railway sleeper exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2022, waning by X% against the previous year. Overall, the export price saw a perceptible descent. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Democratic People's Republic of Korea ($X per cubic meter), while India stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%).

Railway Sleeper Imports

Imports in Asia-Pacific

In 2022, overseas purchases of railway or tramway sleepers (cross-ties) of wood decreased by X% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, railway sleeper imports shrank to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Democratic People's Republic of Korea prevails in imports structure, amounting to X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X cubic meters), creating a X% share of total imports. Tonga (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to railway sleeper imports into Democratic People's Republic of Korea stood at X%. At the same time, Hong Kong SAR (X%) and Tonga (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of Democratic People's Republic of Korea (X p.p.), Hong Kong SAR (X p.p.) and Tonga (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic People's Republic of Korea ($X) constitutes the largest market for imported railway or tramway sleepers (cross-ties) of wood in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports.

In Democratic People's Republic of Korea, railway sleeper imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Tonga (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per cubic meter, approximately mirroring the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while Tonga ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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