Which Country Exports the Most Bridges in the World?
Structural Metal Products May 28, 2018
In 2016, approx. 22M tonnes of bridge were exported worldwide; rising by 2% against the previous year level. The total export volume increased at an average annual rate of +2.5% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011, when exports increased by 16% from the previous year level. Over the period under review, global bridge exports attained its maximum volume in 2016, and are expected to retain its growth in the immediate term.
In value terms, bridge exports totaled $46B in 2016. The total export value increased at an average annual rate of +2.5% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, global bridge exports reached its maximum level of $50B in 2014; however, from 2015 to 2016, it failed to regain its strength.
Top Bridge Exporting Countries in the World
1. China (10.5 billion USD)
2. Germany (4.3 billion USD)
3. South Korea (3.8 billion USD)
4. Poland (1.8 billion USD)
5. Netherlands (1.7 billion USD)
6. Spain (1.7 billion USD)
7. Italy (1.6 billion USD)
8. Belgium (1.3 billion USD)
9. Czech Republic (1.2 billion USD)
10. Canada (1.1 billion USD)
11. Turkey (1.0 billion USD)
12. India (0.8 billion USD)
Bridge Exports By Country
China (6.9M tonnes) was the largest exporter of bridge in the world, resulting at 6.9M tonnes, which was near 32% of total exports in 2016. It was distantly followed by Germany (1.7M tonnes), generating 8% share of total bridge exports. Poland (928K tonnes), South Korea (846K tonnes), Spain (840K tonnes), Belgium (760K tonnes), Italy (737K tonnes), the Netherlands (580K tonnes), India (576K tonnes), Turkey (571K tonnes), Czech Republic (537K tonnes), and Canada (490K tonnes) followed a long way behind this figure.
Exports from China increased at an average annual rate of +3.2% from 2007 to 2016. At the same time, Spain (+13.3%), South Korea (+8.9%), India (+8.0%), the Netherlands (+4.7%), Turkey (+3.3%), Poland (+2.4%), Czech Republic (+2.0%), Italy (+1.9%), and Germany (+1.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest growing importer/exporter in the world, with a CAGR of +13.3% from 2007-2016. Belgium experienced a relatively flat trend pattern. By contrast, Canada (-1.7%) illustrated a downward trend over the same period. South Korea (-2.1%), Spain (-2.6%), and China (-7.9%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($11B) remains the largest bridge supplier in the world, making up 23% of global exports. The second position in the ranking was occupied by Germany ($4.3B), with the share of 9% of global exports. It was followed by South Korea, with the share of 8%.
In China, bridge exports expanded at an average annual rate of +6.0% over the period from 2007-2016. In the other countries, the average annual rates were as follows: Germany (-1.4% per year) and South Korea (+13.0% per year).
Bridge Export Prices By Country
In 2016, the average export price for bridge amounted to $2,095 per tonne, coming down by -5.7% against the previous year. Overall, bridge export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by 15% y-o-y. Over the period under review, average bridge export price attained its maximum level of $2,519 per tonne in 2013; however, from 2014 to 2016, it failed to regain its strength.
There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was South Korea ($4,505 per tonne), while India ($1,406 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of bridge export prices was attained by South Korea (+3.8% per year), while the other global leaders experienced more modest paces of growth.
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- bridge market share
- bridge prices
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- 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.
