Report Update Nov 1, 2024

Hong Kong SAR, China - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Railway Sleeper Market 2024

Railway Sleeper Market Size in Hong Kong SAR, China

In 2021, the Hong Kong railway sleeper market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption showed a slight shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Railway Sleeper Production in Hong Kong SAR, China

In value terms, railway sleeper production expanded modestly to $X in 2021 estimated in export price. In general, production recorded a perceptible reduction. The pace of growth appeared the most rapid in 2015 with an increase of 22%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Railway Sleeper Exports

Exports from Hong Kong SAR, China

In 2017, after two years of decline, there was significant decline in shipments abroad of railway or tramway sleepers (cross-ties) of wood, when their volume decreased by -11.6% to X cubic meters. Over the period under review, exports, however, enjoyed a significant expansion. Over the period under review, the exports reached the peak figure at X cubic meters in 2016, and then contracted in the following year.

In value terms, railway sleeper exports shrank remarkably to $X in 2017. Overall, exports, however, recorded buoyant growth. The exports peaked at $X in 2016, and then dropped markedly in the following year.

Exports by Country

Democratic Republic of the Congo (X cubic meters) was the main destination for railway sleeper exports from Hong Kong SAR, with a 68% share of total exports. Moreover, railway sleeper exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Palau (X cubic meters), twofold.

From 2014 to 2017, the average annual growth rate of volume to Democratic Republic of the Congo was relatively modest.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for railway or tramway sleepers (cross-ties) of wood exports from Hong Kong SAR, comprising 100% of total exports. The second position in the ranking was taken by Palau ($X), with a 0.1% share of total exports.

From 2014 to 2017, the average annual growth rate of value to Democratic Republic of the Congo was relatively modest.

Export Prices by Country

In 2017, the average railway sleeper export price amounted to $X per cubic meter, dropping by -39.4% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The export price peaked at $X per cubic meter in 2016, and then dropped significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Democratic Republic of the Congo ($X per cubic meter), while the average price for exports to Palau amounted to $X per cubic meter.

From 2014 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Sleeper Imports

Imports into Hong Kong SAR, China

Railway sleeper imports into Hong Kong SAR fell slightly to X cubic meters in 2021, declining by -2.5% on 2020. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 646%. As a result, imports reached the peak of X cubic meters. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, railway sleeper imports expanded sharply to $X in 2021. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 708% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X cubic meters) was the main railway sleeper supplier to Hong Kong SAR, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +33.5%.

In value terms, China ($X) constituted the largest supplier of railway or tramway sleepers (cross-ties) of wood to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China stood at +39.6%.

Import Prices by Country

In 2021, the average railway sleeper import price amounted to $X per cubic meter, growing by 18% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 47% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway sleepers (cross-ties) of wood in the world?

The countries with the highest volumes of railway sleeper consumption in 2020 were Chile, Belarus and China, together accounting for 64% of global consumption.

What are the largest producers of railway or tramway sleepers (cross-ties) of wood in the world?

The countries with the highest volumes of railway sleeper production in 2020 were Chile, Belarus and China, together comprising 68% of global production.

What are the leading suppliers of railway or tramway sleepers (cross-ties) of wood to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of railway sleeper to Hong Kong SAR, comprising 97% of total imports. The second position in the ranking was occupied by the UK, with a 1.5% share of total imports.

What is the average export price for railway or tramway sleepers (cross-ties) of wood in Hong Kong SAR, China?

The average railway sleeper export price stood at $256 per cubic meter in 2017, with an increase of 4.7% against the previous year.

What is the average import price for railway or tramway sleepers (cross-ties) of wood in Hong Kong SAR, China?

The average railway sleeper import price stood at $755 per cubic meter in 2020, picking up by 18% against the previous year.

This report provides an in-depth analysis of the railway sleeper market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16103200 - Railway or tramway sleepers (cross-ties) of impregnated wood

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023