South-Eastern Asia: Railway Sleeper Market 2024

Railway Sleeper Market Size in South-Eastern Asia

The Southeast Asian railway sleeper market reached $X in 2023, surging by X% against the previous year. In general, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Railway Sleeper Production in South-Eastern Asia

In value terms, railway sleeper production totaled $X in 2023 estimated in export price. Over the period under review, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Railway Sleeper Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of railway or tramway sleepers (cross-ties) of wood decreased by X% to X cubic meters, falling for the second year in a row after seven years of decline. Overall, exports continue to indicate a sharp downturn. 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 2023, the growth of the exports failed to regain momentum.

In value terms, railway sleeper exports stood at $X in 2023. In general, exports saw a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Singapore was the key exporter of railway or tramway sleepers (cross-ties) of wood in South-Eastern Asia, with the volume of exports accounting for X cubic meters, which was near X% of total exports in 2023. Indonesia (X cubic meters) ranks second in terms of the total exports with an X% share, followed by Vietnam (X%).

From 2012 to 2023, average annual rates of growth with regard to railway sleeper exports from Singapore stood at X%. Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Singapore, Indonesia and Vietnam increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest railway sleeper supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

In Singapore, railway sleeper exports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per cubic meter in 2023, flattening at the previous year. Overall, the export price posted prominent growth. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per cubic meter), while Indonesia ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Railway Sleeper Imports

Imports in South-Eastern Asia

In 2023, supplies from abroad of railway or tramway sleepers (cross-ties) of wood increased by X% to X cubic meters, rising for the third year in a row after two years of decline. In general, imports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X cubic meters in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, railway sleeper imports declined to $X in 2023. Over the period under review, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Vietnam was the key importer of railway or tramway sleepers (cross-ties) of wood in South-Eastern Asia, with the volume of imports recording X cubic meters, which was near X% of total imports in 2023. It was distantly followed by Singapore (X cubic meters) and Indonesia (X cubic meters), together constituting a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported railway or tramway sleepers (cross-ties) of wood in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

In Singapore, railway sleeper imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per cubic meter in 2023, dropping by X% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per cubic meter), while Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform