Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore - 2022

Contents:

1. Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore (CIF) - 2022
2. Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore (FOB) - 2022
3. Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore
4. Exports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore

Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore (CIF) - 2022

The average import price for railway or tramway sleepers (cross-ties) of wood stood at $233 per cubic meter in 2022, which is down by -28.4% against the previous year. Overall, the import price recorded a perceptible descent. The growth pace was the most rapid in 2018 when the average import price increased by 78% against the previous year. Over the period under review, average import prices attained the peak figure at $758 per cubic meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($985 per cubic meter), while the price for Sri Lanka ($196 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore (FOB) - 2022

In 2022, the average export price for railway or tramway sleepers (cross-ties) of wood amounted to $196 per cubic meter, with an increase of 5.6% against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 69%. The export price peaked at $427 per cubic meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,444 per cubic meter), while the average price for exports to Indonesia amounted to $142 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.7%).

Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore

Imports of railway or tramway sleepers (cross-ties) of wood into Singapore dropped to 64 cubic meters in 2022, falling by -9.9% compared with the year before. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 274% against the previous year. As a result, imports reached the peak of 71 cubic meters, and then dropped in the following year.

In value terms, imports of railway or tramway sleepers (cross-ties) of wood declined remarkably to $15K in 2022. Over the period under review, imports, however, recorded a perceptible increase. The growth pace was the most rapid in 2021 when imports increased by 244%. As a result, imports attained the peak of $23K, and then declined sharply in the following year.

Top Suppliers of Railway or Tramway Sleepers (Cross-Ties) of Wood to Singapore in 2022:

1. Sri Lanka (44.0 cubic meters)
2. Netherlands (10.0 cubic meters)
3. China (7.0 cubic meters)
4. United States (2.0 cubic meters)
5. Malaysia (1.0 cubic meters)

Exports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Singapore

In 2022, shipments abroad of railway or tramway sleepers (cross-ties) of wood was finally on the rise to reach 72 cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp downturn. Over the period under review, the exports of attained the maximum at 146 cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of railway or tramway sleepers (cross-ties) of wood skyrocketed to $14K in 2022. Overall, exports, however, continue to indicate a sharp curtailment. Over the period under review, the exports of hit record highs at $44K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Railway or Tramway Sleepers (Cross-Ties) of Wood from Singapore in 2022:

1. Indonesia (69.0 cubic meters)
2. Malaysia (3.0 cubic meters)

Source: IndexBox Market Intelligence Platform