Updated Mar 9, 2023 09:01

Global Railway Sleeper Market

Market Overview
The global railway sleeper market expanded notably to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in and is likely to see gradual growth in the near future.

In value terms, railway sleeper production amounted to $ in estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Global production peaked at $ in 2014; however, from 2015 to , production failed to regain momentum.

The countries with the highest volumes of production in were Chile ( cubic meters), Belarus ( cubic meters) and China ( cubic meters), with a combined % share of global production.

From 2007 to , the biggest increases were recorded for Belarus (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.


Consumption
In , approx. cubic meters of railway or tramway sleepers (cross-ties) of wood were consumed worldwide; approximately equating the previous year's figure. In general, consumption, however, recorded a mild descent. The pace of growth was the most pronounced in 2018 with an increase of %. Global consumption peaked at cubic meters in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The global railway sleeper market size expanded remarkably to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in and is likely to see gradual growth in the immediate term.


Consumption by Country
The countries with the highest volumes of consumption in were Chile ( cubic meters), Belarus ( cubic meters) and China ( cubic meters), with a combined % share of global consumption. These countries were followed by the United States, Germany, Indonesia, Canada, the UK, Russia, Nigeria and Bangladesh, which together accounted for a further %.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the UK (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest railway sleeper markets worldwide were Belarus ($), China ($) and Canada ($), with a combined % share of the global market. The United States, Russia, Indonesia, Bangladesh, the UK, Nigeria, Germany and Chile lagged somewhat behind, together comprising a further %.

Among the main consuming countries, the UK, with a CAGR of +%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of railway sleeper per capita consumption in were Belarus ( cubic meters per persons), Chile ( cubic meters per persons) and Canada ( cubic meters per persons).

From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the UK (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by rising demand for railway sleeper worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .