Asia: Railway Sleeper Market 2024

Railway Sleeper Market Size in Asia

The Asian railway sleeper market declined to $X in 2022, dropping by X% against the previous year. Overall, consumption faced a abrupt downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Railway Sleeper Production in Asia

In value terms, railway sleeper production dropped modestly to $X in 2022 estimated in export price. In general, production faced a abrupt contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Railway Sleeper Exports

Exports in Asia

In 2022, exports of railway or tramway sleepers (cross-ties) of wood in Asia expanded modestly to X cubic meters, with an increase of X% on the previous year. Over the period under review, exports, however, saw a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, railway sleeper exports shrank slightly to $X in 2022. Overall, exports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic People's Republic of Korea prevails in exports structure, amounting to X cubic meters, which was near X% of total exports in 2022. India (X cubic meters) held 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. From 2012 to 2022, the share of Democratic People's Republic of Korea increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Democratic People's Republic of Korea totaled X%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per cubic meter, waning by X% against the previous year. Over the period under review, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Democratic People's Republic of Korea ($X per cubic meter), while India amounted to $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

In 2022, railway sleeper imports in Asia dropped to X cubic meters, which is down by X% against the previous year's figure. In general, imports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, railway sleeper imports shrank to $X in 2022. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Democratic People's Republic of Korea prevails in imports structure, finishing at X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X cubic meters), committing a X% share of total imports. Tajikistan (X cubic meters), Iran (X cubic meters), Oman (X cubic meters) and Turkmenistan (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 Iran (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Tajikistan (X%), Oman (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. While the share of Democratic People's Republic of Korea (X p.p.), Hong Kong SAR (X p.p.), Iran (X p.p.) and Tajikistan (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 ($X) constitutes the largest market for imported railway or tramway sleepers (cross-ties) of wood in Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Democratic People's Republic of Korea, railway sleeper imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per cubic meter, approximately reflecting the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, railway sleeper import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Oman ($X per cubic meter), while Iran ($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 Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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