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

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

The Asia-Pacific iron or steel bridges market rose sharply to $X in 2023, surging by X% against the previous year. The total consumption indicated a buoyant 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Bridges And Bridge-Sections in Asia-Pacific

In value terms, iron or steel bridges production expanded modestly to $X in 2023 estimated in export price. The total production indicated a prominent increase from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in Asia-Pacific

In 2023, the amount of iron or steel bridges and bridge-sections exported in Asia-Pacific surged to X tons, growing by X% on the year before. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked in 2023 and is likely to see steady growth in the near future.

In value terms, iron or steel bridges exports skyrocketed to $X in 2023. In general, exports saw a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the near future.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. Vietnam (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to iron or steel bridges exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, Taiwan (Chinese) and Vietnam increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest iron or steel bridges supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In China, iron or steel bridges exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Asia-Pacific

In 2023, approx. X tons of iron or steel bridges and bridge-sections were imported in Asia-Pacific; jumping by X% on 2022. Total imports indicated a strong increase from 2012 to 2023: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the near future.

In value terms, iron or steel bridges imports soared to $X in 2023. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Macao SAR (X tons), Bangladesh (X tons) and Australia (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X tons), mixing up a X% share of total imports. Singapore (X tons), Thailand (X tons), Malaysia (X tons), Indonesia (X tons) and Cambodia (X tons) followed a long way behind the leaders.

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

In value terms, Australia ($X), Macao SAR ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Macao SAR, with a CAGR of X%, recorded 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

The import price in Asia-Pacific stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform