Which Country Exports the Most Bridges in the World?

IndexBox has just published a new report "World: Bridges, Bridge Sections, Towers And Lattice Masts (Of Iron Or Steel) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global bridge imports totaled 33M tonnes in 2016, jumping by 2% against the previous year level. The total import volume increased at an average annual rate of +1.5% from 2007 to 2016- the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2011, when imports increased by 7% against the previous year level. Global bridge import peaked in 2016, and are expected to retain its growth in the near future.

In value terms, bridge imports stood at $40B in 2016. The total import value increased at an average annual rate of +2.0% from 2007 to 2016- the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Global bridge import peaked of $45B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Bridge Importing Countries in the World

1. USA (4.4 billion USD)

2. Germany (2.9 billion USD)

3. Japan (1.8 billion USD)

4. France (1.5 billion USD)

5. South Korea (1.4 billion USD)

6. Belgium (0.6 billion USD)

7. China (0.5 billion USD)

8. Poland (0.4 billion USD)

9. Turkey (0.4 billion USD)

10. Spain (0.4 billion USD)

11. Italy (0.3 billion USD)

12. India (0.3 billion USD)

Bridge Imports By Country

China (6.9M tonnes) represented the key importer of bridge in the world, reaching 6.9M tonnes, which was near 21% of total imports in 2016. Germany (1.9M tonnes) ranks second globally in bridge imports with a 6% share, following the U.S. (5%). Spain (946K tonnes), Japan (935K tonnes), Poland (928K tonnes), South Korea (895K tonnes), Turkey (769K tonnes), Belgium (765K tonnes), Italy (742K tonnes), France (696K tonnes), and India (677K tonnes) followed a long way behind this figure.

China experienced a relatively flat trend pattern. At the same time, South Korea (+4.0%), Turkey (+3.0%), Germany (+2.3%), the U.S. (+2.0%), Japan (+1.6%), Poland (+1.6%), and Italy (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing importer/exporter in the world, with a CAGR of +4.0% from 2007-2016. India, and France experienced a relatively flat trend pattern. By contrast, Belgium (-1.0%), and Spain (-4.1%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($4.4B), Germany ($2.9B) and Japan ($1.8B) appeared as the countries with the highest levels of imports in 2016, together accounting for 23% of global imports. These countries were followed by France, South Korea, Belgium, China, Poland, Turkey, Spain, Italy and India, which together accounted for a further 15%.

Turkey (+11.8% per year) recorded the highest rates of growth with regard to the bridge imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Bridge Import Prices By Country

In 2016, the average import price for bridge amounted to $1,215 per tonne, reducing by -7.3% against the previous year. Overall, bridge import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by 20% y-o-y. Over the period under review, average bridge import price attained its maximum level of $1,423 per tonne in 2014- however, from 2015 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($2,576 per tonne), while China ($75 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of bridge import prices was attained by Turkey (+8.6% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global bridge market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• bridge market share
• bridge prices
• bridge industry
• bridge sales
• bridge import
• bridge export
• bridge market forecast
• bridge price forecast
• key bridge producers

All data provided in this article covers the following product: HS Code 7308 - Structures of iron or steel and parts thereof- plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures.

Source: World: Bridges, Bridge Sections, Towers And Lattice Masts (Of Iron Or Steel) - Market Report. Analysis and Forecast to 2025