Asia-Pacific: Bridge Market 2024

Bridge Market Size in Asia-Pacific

The Asia-Pacific bridge market totaled $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; afterwards, it flattened through to 2023.

Bridge Production in Asia-Pacific

In value terms, bridge production rose modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Bridge Exports

Exports in Asia-Pacific

Bridge exports fell to X tons in 2023, with a decrease of X% compared with the previous year. Total exports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, bridge exports rose to $X in 2023. Total exports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, China (X tons) was the largest exporter of bridges, bridge sections, towers and lattice masts (of iron or steel), mixing up X% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%), South Korea (X%) and Indonesia (X%).

From 2012 to 2023, average annual rates of growth with regard to bridge exports from China stood at X%. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%) and India (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and India saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Bridge Imports

Imports in Asia-Pacific

In 2023, purchases abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, bridge imports skyrocketed to $X in 2023. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2022 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

In 2023, Australia (X tons), distantly followed by Pakistan (X tons), Japan (X tons), Bangladesh (X tons), the Philippines (X tons), Macao SAR (X tons) and Taiwan (Chinese) (X tons) represented the main importers of bridges, bridge sections, towers and lattice masts (of iron or steel), together achieving X% of total imports. India (X tons), Nepal (X tons), Malaysia (X tons), Lao People's Democratic Republic (X tons), Afghanistan (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported bridges, bridge sections, towers and lattice masts (of iron or steel) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by the Philippines, with a X% share.

In Australia, bridge imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, flattening at the previous year. Over the period under review, the import price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Macao SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform