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

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

The Saudi iron or steel bridges market shrank notably to $X in 2023, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a moderate increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Saudi Arabia

In 2023, iron or steel bridges exports from Saudi Arabia surged to X tons, growing by X% compared with 2022 figures. In general, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, iron or steel bridges exports skyrocketed to $X in 2023. Overall, exports, however, continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for iron or steel bridges exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, iron or steel bridges exports to Bahrain exceeded the volume sent to the second major destination, Oman (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bahrain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Kuwait (X% per year).

It was followed by Kuwait, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average iron or steel bridges export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price recorded a modest increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (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 Saudi Arabia

In 2023, overseas purchases of iron or steel bridges and bridge-sections decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, iron or steel bridges imports totaled $X in 2023. Over the period under review, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Bahrain (X tons) constituted the largest supplier of iron or steel bridges to Saudi Arabia, accounting for a X% share of total imports. Moreover, iron or steel bridges imports from Bahrain exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sevenfold.

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

In value terms, Bahrain ($X) constituted the largest supplier of iron or steel bridges and bridge-sections to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Bahrain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Import Prices by Country

The average iron or steel bridges import price stood at $X per ton in 2023, almost unchanged from the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform