Latin America and the Caribbean: Bridge Market 2024

Bridge Market Size in Latin America and the Caribbean

The Latin American bridge market rose sharply to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Bridge Production in Latin America and the Caribbean

In value terms, bridge production rose slightly to $X in 2023 estimated in export price. The total production indicated a temperate increase 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Bridge Exports

Exports in Latin America and the Caribbean

In 2023, approx. X tons of bridges, bridge sections, towers and lattice masts (of iron or steel) were exported in Latin America and the Caribbean; dropping by X% compared with the year before. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, bridge exports declined to $X in 2023. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons) and Brazil (X tons) represented roughly X% of total exports in 2023. Colombia (X tons) ranks next in terms of the total exports with a X% share, followed by Mexico (X%). Costa Rica (X tons) and El Salvador (X tons) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X), Guatemala ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Colombia, Costa Rica and El Salvador lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated moderate growth from 2012 to 2023: its price 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, bridge export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2023 and is expected to retain 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 Mexico ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Bridge Imports

Imports in Latin America and the Caribbean

In 2023, bridge imports in Latin America and the Caribbean skyrocketed to X tons, surging by X% on 2022. Over the period under review, imports, however, continue to indicate a pronounced downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, bridge imports amounted to $X in 2023. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The Dominican Republic (X tons), Chile (X tons), Uruguay (X tons), Colombia (X tons), Panama (X tons) and Peru (X tons) represented roughly X% of total imports in 2023. Guyana (X tons), Guatemala (X tons), Paraguay (X tons), El Salvador (X tons), Bolivia (X tons), Brazil (X tons) and Costa Rica (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a slight decline. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bolivia ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform