We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Republic of Korea - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Republic of Korea - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Republic of Korea: Railway Sleeper Market 2025

Railway Sleeper Market Size in Republic of Korea

In 2021, the South Korean railway sleeper market decreased by -8.6% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, showed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Railway Sleeper Production in Republic of Korea

In value terms, railway sleeper production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 43% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Railway Sleeper Exports

Exports from Republic of Korea

For the tenth year in a row, South Korea recorded growth in overseas shipments of railway or tramway sleepers (cross-ties) of wood, which increased by 9.8% to X cubic meters in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 20,040%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, railway sleeper exports expanded rapidly to $X in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 19,139% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for railway sleeper exports from South Korea, with a 93% share of total exports. Moreover, railway sleeper exports to the United Arab Emirates exceeded the volume sent to the second major destination, Thailand (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +104.4%.

In value terms, Thailand ($X) and the United Arab Emirates ($X) were the largest markets for railway sleeper exported from South Korea worldwide.

Thailand, with a CAGR of +127.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average railway sleeper export price stood at $X per cubic meter in 2021, surging by 2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2014 when the average export price increased by 7.5% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per cubic meter), while the average price for exports to the United Arab Emirates totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+22.5%), while the prices for the other major destinations experienced a decline.

Railway Sleeper Imports

Imports into Republic of Korea

In 2021, imports of railway or tramway sleepers (cross-ties) of wood into South Korea declined rapidly to X cubic meters, with a decrease of -20% against the previous year. Overall, imports recorded a dramatic contraction. The smallest decline of -12.5% was in 2018. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, railway sleeper imports dropped rapidly to $X in 2021. Over the period under review, imports saw a precipitous setback. The smallest decline of -17.8% was in 2019. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X cubic meters) was the main railway sleeper supplier to South Korea, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at -27.9%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -16.9%.

Import Prices by Country

The average railway sleeper import price stood at $X per cubic meter in 2021, rising by 2.8% against the previous year. In general, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2016 when the average import price increased by 124%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 +15.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of railway sleeper consumption in 2020 were Chile, Belarus and China, together comprising 64% of global consumption.
The countries with the highest volumes of railway sleeper production in 2020 were Chile, Belarus and China, together comprising 68% of global production.
In value terms, Malaysia constituted the largest supplier of railway sleeper to South Korea, comprising 97% of total imports. The second position in the ranking was occupied by China $325), with a 2.5% share of total imports.
In value terms, Thailand remains the key foreign market for railway sleeper exports from South Korea, comprising 98% of total exports. The second position in the ranking was occupied by Vietnam, with a 1.8% share of total exports.
The average railway sleeper export price stood at $407 per cubic meter in 2011, growing by 6.1% against the previous year.
In 2020, the average railway sleeper import price amounted to $540 per cubic meter, increasing by 6.1% against the previous year.

This report provides an in-depth analysis of the railway sleeper market in Republic of Korea. 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:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

Recommended reports

Asia - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 348

This report provides an in-depth analysis of the railway sleeper market in Asia.

World - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 1073

This report provides an in-depth analysis of the global railway sleeper market.

EU - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 460

This report provides an in-depth analysis of the railway sleeper market in the EU.

U.S. - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 386

This report provides an in-depth analysis of the railway sleeper market in the U.S..

China - Railway or Tramway Sleepers (Cross-Ties) of Wood - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 354

This report provides an in-depth analysis of the railway sleeper market in China.

Free Data: Railway Or Tramway Sleepers (Cross-Ties) Of Wood - South Korea
Table
Railway Or Tramway Sleepers (Cross-Ties) Of Wood - South Korea - Table
Dashboard
Railway Or Tramway Sleepers (Cross-Ties) Of Wood - South Korea - Dashboard
Report
Railway Or Tramway Sleepers (Cross-Ties) Of Wood - South Korea - Report