Overview of the Global Market for Iron Or Steel Bridges And Bridge-Sections

Market Size for Iron Or Steel Bridges And Bridge-Sections

In 2023, after seven years of growth, there was decline in the global iron or steel bridges market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $X in 2022, and then contracted slightly in the following year.

Production of Iron Or Steel Bridges And Bridge-Sections

In value terms, iron or steel bridges production rose to $X in 2023 estimated in export price. The total output 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 pace of growth was the most pronounced in 2014 with an increase of X%. Global production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports

Global iron or steel bridges exports fell slightly to X tons in 2023, approximately mirroring 2022 figures. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, iron or steel bridges exports expanded modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The global exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

In 2023, Bahrain (X tons) was the main exporter of iron or steel bridges and bridge-sections, constituting X% of total exports. It was distantly followed by China (X tons), creating a X% share of total exports. Saudi Arabia (X tons), Italy (X tons), the United Arab Emirates (X tons), Canada (X tons), France (X tons) and the United States (X tons) followed a long way behind the leaders.

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

In value terms, the largest iron or steel bridges supplying countries worldwide were China ($X), Bahrain ($X) and Italy ($X), with a combined X% share of global exports. Canada, the United States, France, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average iron or steel bridges export price amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports

After three years of decline, supplies from abroad of iron or steel bridges and bridge-sections increased by X% to X tons in 2023. In general, total imports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of global imports failed to regain momentum.

In value terms, iron or steel bridges imports surged to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Global imports peaked in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Turkmenistan (X tons) and Saudi Arabia (X tons) represented the main importers of iron or steel bridges and bridge-sectionsacross the globe, together creating X% of total imports. Macao SAR (X tons) held the next position in the ranking, followed by Bangladesh (X tons). All these countries together held approx. X% share of total imports. The following importers - the United Arab Emirates (X tons), Australia (X tons), Poland (X tons), Kuwait (X tons), Oman (X tons), the United States (X tons), Hong Kong SAR (X tons), the Netherlands (X tons) and the UK (X tons) - together made up X% of total imports.

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

In value terms, the largest iron or steel bridges importing markets worldwide were Turkmenistan ($X), the United Arab Emirates ($X) and Australia ($X), together comprising X% of global imports. Macao SAR, the United States, Bangladesh, Saudi Arabia, Poland, the UK, the Netherlands, Oman, Kuwait and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Macao SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average iron or steel bridges import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Global import price peaked in 2023 and is likely to see steady growth in the near future.

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 the United Arab Emirates ($X per ton), while Saudi Arabia ($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 other global leaders experienced more modest paces of growth.

Source: IndexBox Platform