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

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

The East Asian iron or steel bridges market rose remarkably to $X in 2023, increasing by X% against the previous year. The total consumption indicated a remarkable 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 Eastern Asia

In value terms, iron or steel bridges production rose markedly to $X in 2023 estimated in export price. The total production indicated a remarkable 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 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in Eastern Asia

In 2023, the amount of iron or steel bridges and bridge-sections exported in Eastern Asia skyrocketed to X tons, picking up by X% compared with the previous year's figure. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, iron or steel bridges exports surged to $X in 2023. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of China and Taiwan (Chinese) increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron or steel bridges supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Eastern Asia

In 2023, imports of iron or steel bridges and bridge-sections in Eastern Asia surged to X tons, with an increase of X% compared with 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2023, Macao SAR (X tons) represented the main importer of iron or steel bridges and bridge-sections, making up X% of total imports. It was distantly followed by Hong Kong SAR (X tons), making up a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and South Korea (X tons) - together made up X% of total imports.

Macao SAR was also the fastest-growing in terms of the iron or steel bridges and bridge-sections imports, with a CAGR of X% from 2012 to 2023. At the same time, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, South Korea (X%) illustrated a downward trend over the same period. Macao SAR (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and South Korea saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Macao SAR ($X) constitutes the largest market for imported iron or steel bridges and bridge-sections in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In Macao SAR, iron or steel bridges imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat 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 Macao SAR ($X per ton), while Hong Kong SAR ($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