Latest Report Update: Dec 22, 2021

U.S. - Bridges, Bridge Sections, Towers And Lattice Masts (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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U.S.: Bridge Market Overview 2021

Bridge Market Size in the U.S.

In 2020, after three years of growth, there was decline in the U.S. bridge market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then shrank modestly in the following year.

Bridge Production in the U.S.

In value terms, bridge production contracted markedly to $X in 2020. Over the period under review, production recorded a mild reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Bridge Exports

Exports from the U.S.

After three years of growth, shipments abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -X% to X tonnes in 2020. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, bridge exports contracted markedly to $X in 2020. Overall, exports showed a pronounced downturn. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tonnes) was the main destination for bridge exports from the U.S., with a X% share of total exports. Moreover, bridge exports to Canada exceeded the volume sent to the second major destination, Mozambique (X tonnes), threefold. The third position in this ranking was occupied by Chile (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+X% per year) and Chile (+X% per year).

In value terms, Canada ($X) remains the key foreign market for bridge exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Mozambique (+X% per year).

Export Prices by Country

The average bridge export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Bridge Imports

Imports into the U.S.

In 2020, supplies from abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, bridge imports surged to $X in 2020. Overall, imports saw a tangible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

Imports by Country

India (X tonnes), Canada (X tonnes) and Malaysia (X tonnes) were the main suppliers of bridge imports to the U.S., with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Malaysia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bridge suppliers to the U.S. were Canada ($X), India ($X) and Malaysia ($X), together comprising X% of total imports.

Malaysia (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average bridge import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Canada ($X per tonne), while the price for Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bridges, bridge sections, towers and lattice masts (of iron or steel) in the world?
+
The countries with the highest volumes of bridge consumption in 2020 were Japan (2.2M tonnes), China (2.1M tonnes) and India (920K tonnes), together comprising 40% of global consumption. These countries were followed by the U.S., Brazil, Canada, Russia, Indonesia, Turkey, Germany, Poland, the UK and Mexico, which together accounted for a further 31%.
What are the largest producers of bridges, bridge sections, towers and lattice masts (of iron or steel) in the world?
+
The countries with the highest volumes of bridge production in 2020 were China (2.6M tonnes), Japan (2.2M tonnes) and India (1.1M tonnes), together comprising 46% of global production. These countries were followed by Brazil, Canada, Turkey, Russia, the U.S., Indonesia, Spain, Italy, Mexico and South Korea, which together accounted for a further 31%.
What are the leading suppliers of bridges, bridge sections, towers and lattice masts (of iron or steel) to the U.S.?
+
In value terms, the largest bridge suppliers to the U.S. were Canada ($204M), India ($200M) and Malaysia ($148M), together accounting for 49% of total imports.
What are the leading importers of bridges, bridge sections, towers and lattice masts (of iron or steel) from the U.S.?
+
In value terms, Canada ($21M) remains the key foreign market for bridge exports from the U.S., comprising 32% of total exports. The second position in the ranking was occupied by Chile ($8.5M), with a 13% share of total exports. It was followed by Mozambique, with a 9.7% share.
What is the average export price for bridges, bridge sections, towers and lattice masts (of iron or steel) in the U.S.?
+
The average bridge export price stood at $3,846 per tonne in 2020, picking up by 2.1% against the previous year.
What is the average import price for bridges, bridge sections, towers and lattice masts (of iron or steel) in the U.S.?
+
The average bridge import price stood at $2,308 per tonne in 2020, picking up by 4.7% against the previous year.

Product coverage:
• Prodcom 25112100 - Iron or steel bridges and bridge-sections
• Prodcom 25112200 - Iron or steel towers and lattice masts

This report provides an in-depth analysis of the bridge market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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