Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Hong Kong SAR - 2022

Contents:

  1. Price for Railway or Tramway Sleepers (Cross-Ties) of Wood in Hong Kong SAR (CIF) - 2022
  2. Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Hong Kong SAR

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

In 2022, the average import price for railway or tramway sleepers (cross-ties) of wood amounted to $590 per cubic meter, stabilizing at the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for railway or tramway sleepers (cross-ties) of wood decreased by -0.8% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 57% against the previous year. The import price peaked at $594 per cubic meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,622 per cubic meter), while the price for the United States ($308 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Railway or Tramway Sleepers (Cross-Ties) of Wood in Hong Kong SAR

In 2022, after three years of growth, there was decline in supplies from abroad of railway or tramway sleepers (cross-ties) of wood, when their volume decreased by -1.6% to 179 cubic meters. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 3.5%. Imports peaked at 182 cubic meters in 2021, and then fell modestly in the following year.

In value terms, imports of railway or tramway sleepers (cross-ties) of wood dropped to $106K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 1.8%. Imports peaked at $107K in 2021, and then fell modestly in the following year.

Import of Railway or Tramway Sleepers (Cross-Ties) of Wood in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States11.539.040.540.752.4%
India4.717.219.521.265.2%
United Kingdom5.017.919.821.161.6%
China2.97.86.55.221.5%
Slovenia71.0N/AN/AN/A0%
Others7.822.720.317.530.9%
Total1031051071061.0%

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

  1. United States (132.0 cubic meters)
  2. India (18.0 cubic meters)
  3. China (15.0 cubic meters)
  4. United Kingdom (13.0 cubic meters)

Source: IndexBox Market Intelligence Platform

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