Belgium: Market for Iron Or Steel Bridges And Bridge-Sections 2024

Market Size for Iron Or Steel Bridges And Bridge-Sections in Belgium

After three years of growth, the Belgian iron or steel bridges market decreased by X% to $X in 2023. Overall, consumption showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Iron Or Steel Bridges And Bridge-Sections in Belgium

In value terms, iron or steel bridges production shrank to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the production volume increased by X%. As a result, production reached the peak level of $X, and then fell in the following year.

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Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Belgium

In 2023, exports of iron or steel bridges and bridge-sections from Belgium skyrocketed to X tons, jumping by X% against the previous year's figure. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, iron or steel bridges exports fell slightly to $X in 2023. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Germany (X tons) and Madagascar (X tons) were the main destinations of iron or steel bridges exports from Belgium, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Madagascar ($X) were the largest markets for iron or steel bridges exported from Belgium worldwide, with a combined X% share of total exports.

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

Export Prices by Country

The average iron or steel bridges export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into Belgium

Iron or steel bridges imports into Belgium surged to X tons in 2023, rising by X% against 2022. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, iron or steel bridges imports soared to $X in 2023. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, France (X tons) constituted the largest iron or steel bridges supplier to Belgium, accounting for a X% share of total imports. Moreover, iron or steel bridges imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, France ($X), Germany ($X) and China ($X) were the largest iron or steel bridges suppliers to Belgium, together accounting for X% of total imports. Poland, Hungary, the Netherlands and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average iron or steel bridges import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform