Latin America and the Caribbean: Market for Iron Or Steel Bridges And Bridge-Sections 2024

Market Size for Iron Or Steel Bridges And Bridge-Sections in Latin America and the Caribbean

The Latin American iron or steel bridges market reached $X in 2023, with an increase of X% against the previous year. The market 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 throughout the analyzed period. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Production of Iron Or Steel Bridges And Bridge-Sections in Latin America and the Caribbean

In value terms, iron or steel bridges production rose slightly 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 most prominent rate of growth was recorded in 2014 when the production volume increased by 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 Latin America and the Caribbean

In 2023, approx. X tons of iron or steel bridges and bridge-sections were exported in Latin America and the Caribbean; approximately equating 2022. Over the period under review, exports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel bridges exports reached $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Guatemala (X tons) represented the major exporter of iron or steel bridges and bridge-sections, committing X% of total exports. Costa Rica (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%) and Colombia (X%). The Dominican Republic (X tons), Ecuador (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

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

In value terms, Guatemala ($X) emerged as the largest iron or steel bridges supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Guatemala stood at X%. In the other countries, the average annual rates were as follows: Costa Rica (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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 Brazil ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Latin America and the Caribbean

In 2023, overseas purchases of iron or steel bridges and bridge-sections were finally on the rise to reach X tons after two years of decline. Overall, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, iron or steel bridges imports skyrocketed to $X in 2023. Over the period under review, imports recorded a noticeable expansion. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of iron or steel bridges imports in 2023 were Panama (X tons), Peru (X tons) and Guyana (X tons), together accounting for X% of total import. Brazil (X tons) ranks next in terms of the total imports with a X% share, followed by the Dominican Republic (X%) and Colombia (X%). The following importers - El Salvador (X tons), Guatemala (X tons), Costa Rica (X tons), Bolivia (X tons), Trinidad and Tobago (X tons) and Haiti (X tons) - together made up X% of total imports.

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

In value terms, Panama ($X) constitutes the largest market for imported iron or steel bridges and bridge-sections in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Guyana, with a X% share.

In Panama, iron or steel bridges imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Guyana (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform