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

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

The East European iron or steel bridges market surged to $X in 2023, jumping by X% against the previous year. The total consumption indicated moderate growth 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 increased by X% against 2015 indices. The level of consumption peaked in 2023 and is likely to see steady growth in years to come.

Production of Iron Or Steel Bridges And Bridge-Sections in Eastern Europe

In value terms, iron or steel bridges production rose remarkably to $X in 2023 estimated in export price. The total production indicated a temperate expansion 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 most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded decline in shipments abroad of iron or steel bridges and bridge-sections, which decreased by X% to X tons in 2023. In general, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, iron or steel bridges exports fell to $X in 2023. Overall, exports recorded a mild contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Poland (X tons) represented the key exporter of iron or steel bridges and bridge-sections, committing X% of total exports. Slovakia (X tons) ranks second in terms of the total exports with a X% share, followed by Hungary (X%), Latvia (X%), Russia (X%), Romania (X%) and the Czech Republic (X%).

Exports from Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Romania (X%), Slovakia (X%), the Czech Republic (X%), Hungary (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland and Latvia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest iron or steel bridges supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Latvia (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price 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, iron or steel bridges export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is likely to see gradual growth in years to come.

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 Latvia ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Eastern Europe

In 2023, purchases abroad of iron or steel bridges and bridge-sections was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports recorded buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, iron or steel bridges imports soared to $X in 2023. Overall, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, Poland (X tons) represented the key importer of iron or steel bridges and bridge-sections, committing X% of total imports. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Lithuania (X%), Hungary (X%), Romania (X%), Latvia (X%) and the Czech Republic (X%). Slovakia (X tons) took a little share of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Lithuania (X%), Slovakia (X%), Hungary (X%), the Czech Republic (X%), Romania (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Russia experienced a relatively flat trend pattern. While the share of Poland (X p.p.), Lithuania (X p.p.), Hungary (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Latvia (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported iron or steel bridges and bridge-sections in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Hungary (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price saw a slight decrease. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a 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 the Czech Republic ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform