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

Contents:

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

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

In 2022, the average import price for railway or tramway sleepers (cross-ties) of wood amounted to $492 per cubic meter, growing by 44% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 61% against the previous year. As a result, import price reached the peak level of $502 per cubic meter. From 2018 to 2022, the average import prices remained at a somewhat 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 China ($1,615 per cubic meter), while the price for Malaysia amounted to $428 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gabon (+115.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for railway or tramway sleepers (cross-ties) of wood stood at $268 per cubic meter in 2022, reducing by -12.8% against the previous year. Overall, the export price recorded a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the maximum at $687 per cubic meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +5.6% per year.

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

Imports of railway or tramway sleepers (cross-ties) of wood into South Korea skyrocketed to 3.1K cubic meters in 2022, with an increase of 312% compared with the year before. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of railway or tramway sleepers (cross-ties) of wood soared to $1.5M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Malaysia (2.9K cubic meters)
2. China (0.2K cubic meters)

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

In 2022, approx. 21 cubic meters of railway or tramway sleepers (cross-ties) of wood were exported from South Korea; remaining relatively unchanged against 2021. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of -34% was in 2020. Over the period under review, the exports of reached the peak figure at 97 cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of railway or tramway sleepers (cross-ties) of wood contracted to $5.6K in 2022. In general, exports recorded a significant decline. Over the period under review, the exports of hit record highs at $57K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Thailand (21.0 cubic meters)

Source: IndexBox Market Intelligence Platform