Eastern Asia: Railway Sleeper Market 2024

Railway Sleeper Market Size in Eastern Asia

In 2022, the East Asian railway sleeper market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption faced a precipitous descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Railway Sleeper Production in Eastern Asia

In value terms, railway sleeper production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Railway Sleeper Exports

Exports in Eastern Asia

In 2022, overseas shipments of railway or tramway sleepers (cross-ties) of wood were finally on the rise to reach X cubic meters after seven years of decline. Overall, exports, however, continue to indicate a dramatic descent. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, railway sleeper exports rose slightly to $X in 2022. Over the period under review, exports, however, recorded a sharp reduction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of railway or tramway sleepers (cross-ties) of wood, namely Democratic People's Republic of Korea, represented more than two-thirds of total export.

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. From 2012 to 2022, the share of Democratic People's Republic of Korea increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic People's Republic of Korea ($X) also remains the largest railway sleeper supplier in Eastern Asia.

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 Eastern Asia amounted to $X per cubic meter, remaining stable against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic People's Republic of Korea.

From 2012 to 2022, the rate of growth in terms of prices for Democratic People's Republic of Korea amounted to X% per year.

Railway Sleeper Imports

Imports in Eastern Asia

In 2022, supplies from abroad 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 continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, railway sleeper imports dropped to $X in 2022. Overall, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum 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, recording X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X cubic meters), generating a X% share of total imports.

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%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Democratic People's Republic of Korea (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Eastern Asia stood at $X per cubic meter in 2022, standing approx. at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while Democratic People's Republic of Korea totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Source: IndexBox Platform

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