Railway Sleeper Market Overview in Hungary
Market Overview
In 2019, the Hungarian railway sleeper market decreased by -
% to $, falling for the fifth year in a row after five years of growth. In general, consumption showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.
In value terms, railway sleeper production totaled $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2012 when the production volume increased by % year-to-year. Railway sleeper production peaked at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.
% to $, falling for the fifth year in a row after five years of growth. In general, consumption showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.In value terms, railway sleeper production totaled $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2012 when the production volume increased by % year-to-year. Railway sleeper production peaked at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.Consumption
In 2019, consumption of railway or tramway sleepers (cross-ties) of wood decreased by -% to cubic meters, falling for the fifth consecutive year after five years of growth. In general, consumption saw a noticeable contraction. The most prominent rate of growth was recorded in 2010 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the peak volume at cubic meters in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The revenue of the railway sleeper market in Hungary contracted to $ in 2019, approximately reflecting 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). Over the period under review, consumption continues to indicate a mild setback. The growth pace was the most rapid in 2014 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.
% to cubic meters, falling for the fifth consecutive year after five years of growth. In general, consumption saw a noticeable contraction. The most prominent rate of growth was recorded in 2010 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the peak volume at cubic meters in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The revenue of the railway sleeper market in Hungary contracted to $
in 2019, approximately reflecting 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). Over the period under review, consumption continues to indicate a mild setback. The growth pace was the most rapid in 2014 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.Market Forecast
Depressed by shrinking demand for railway sleeper in Hungary, 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
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Hungary 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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