Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria - 2022
Contents:
- Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria (FOB) - 2022
- Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria (CIF) - 2022
- Exports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria
- Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria
Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria (FOB) - 2022
The average export price for railway or tramway sleepers (cross-ties) of wood stood at $350 per cubic meter in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 an increase of 6.9%. Over the period under review, the average export prices hit record highs at $354 per cubic meter in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($516 per cubic meter), while the average price for exports to Bangladesh amounted to $339 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-1.1%).
Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria (CIF) - 2022
In 2022, the average import price for railway or tramway sleepers (cross-ties) of wood amounted to $544 per cubic meter, surging by 38% against the previous year. Over the period under review, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $786 per cubic meter. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($4,332 per cubic meter), while the price for China amounted to $292 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+27.3%).
Exports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of railway or tramway sleepers (cross-ties) of wood, when their volume decreased by -6.4% to 4.1K cubic meters. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports reached the peak of 4.4K cubic meters, and then reduced in the following year.
In value terms, exports of railway or tramway sleepers (cross-ties) of wood fell to $1.4M in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $1.5M, and then contracted in the following year.
| Export of Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 991 | 1,194 | 1,409 | 1,303 | 9.6% |
| China | 95.3 | 115 | 136 | 125 | 9.5% |
| Others | 28.1 | 5.0 | 4.8 | 3.6 | -49.6% |
| Total | 1,114 | 1,314 | 1,549 | 1,432 | 8.7% |
Top Export Markets for Railway or Tramway Sleepers (Cross-Ties) of Wood from Nigeria in 2022:
- Bangladesh (3.8K cubic meters)
- China (0.2K cubic meters)
Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria
In 2022, after two years of decline, there was significant growth in purchases abroad of railway or tramway sleepers (cross-ties) of wood, when their volume increased by 33% to 16 cubic meters. In general, imports, however, saw a significant curtailment. Imports peaked at 44 cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of railway or tramway sleepers (cross-ties) of wood skyrocketed to $8.7K in 2022. Overall, imports, however, faced a dramatic setback. Over the period under review, imports of reached the maximum at $21K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Railway or Tramway Sleepers (Cross-Ties) of Wood in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.7 | 12.7 | 4.7 | 4.4 | -40.3% |
| Belgium | N/A | N/A | N/A | 4.3 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 20.7 | 12.7 | 4.7 | 8.7 | -25.1% |
Top Suppliers of Railway or Tramway Sleepers (Cross-Ties) of Wood to Nigeria in 2022:
- China (15.0 cubic meters)
- Belgium (1.0 cubic meters)
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The U.S. continued its dominance in the global wooden railway or tramway sleepers (cross-ties) trade. In 2014, the U.S. exported X thousand tons of wooden railway or tramway sleepers (cross-ties), totaling X million USD, X% over the previous yea
