Railway Sleeper Market Overview in Greece
Market Overview
In 2019, the Greek railway sleeper market decreased by -
% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible decline. The growth pace was the most rapid in 2008 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market remained at a lower figure.
In value terms, railway sleeper production declined modestly to $ in 2019 estimated in export prices. In general, production showed a mild contraction. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible decline. The growth pace was the most rapid in 2008 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market remained at a lower figure.In value terms, railway sleeper production declined modestly to $
in 2019 estimated in export prices. In general, production showed a mild contraction. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a lower figure.Consumption
In 2019, approx. cubic meters of railway or tramway sleepers (cross-ties) of wood were consumed in Greece; with a decrease of -% compared with the previous year's figure. Over the period under review, consumption recorded a perceptible decline. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Railway sleeper consumption peaked at cubic meters in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The revenue of the railway sleeper market in Greece dropped to $ in 2019, which is down 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). In general, consumption continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.
cubic meters of railway or tramway sleepers (cross-ties) of wood were consumed in Greece; with a decrease of -% compared with the previous year's figure. Over the period under review, consumption recorded a perceptible decline. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Railway sleeper consumption peaked at cubic meters in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The revenue of the railway sleeper market in Greece dropped to $
in 2019, which is down 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). In general, consumption continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for railway sleeper in Greece, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to cubic meters by the end of .
% for the period from 2019 to , which is projected to depress the market volume to cubic meters by the end of .Market Structure
Over the period under review, imports of railway sleeper in Greece were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for railway sleeper.
Trade Balance
Greece remains a net importer of railway sleeper; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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