Asia-Pacific: Bridge Market 2025

Bridge Market Size in Asia-Pacific

In 2021, the Asia-Pacific bridge market decreased by -1.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a mild setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Bridge Production in Asia-Pacific

In value terms, bridge production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 13%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bridge Exports

Exports in Asia-Pacific

In 2021, shipments abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) increased by 29% to X tons, rising for the third year in a row after four years of decline. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.7% against 2018 indices. The growth pace was the most rapid in 2014 when exports increased by 41%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, bridge exports soared to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.5% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

China was the key exporting country with an export of about X tons, which accounted for 37% of total exports. India (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (11%), South Korea (10%), Thailand (9.5%), Malaysia (8%) and Indonesia (5.9%).

Exports from China increased at an average annual rate of +5.0% from 2012 to 2021. At the same time, Vietnam (+30.1%), Malaysia (+27.6%), Thailand (+21.9%), India (+3.2%) and South Korea (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +30.1% from 2012-2021. Indonesia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Vietnam, Thailand and Malaysia increased by +8.8, +6.6 and +6.4 percentage points, respectively.

In value terms, China ($X) remains the largest bridge supplier in Asia-Pacific, comprising 37% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.5%. In the other countries, the average annual rates were as follows: South Korea (+2.3% per year) and India (+0.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 2.7% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2016 an increase of 21%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Bridge Imports

Imports in Asia-Pacific

In 2021, purchases abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -7.6% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. The volume of import peaked at X tons in 2020, and then reduced in the following year.

In value terms, bridge imports reached $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.2% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 20%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The Philippines (X tons), Bangladesh (X tons), Pakistan (X tons), Australia (X tons), Taiwan (Chinese) (X tons), Japan (X tons), Myanmar (X tons), Nepal (X tons), Cambodia (X tons), India (X tons), Lao People's Democratic Republic (X tons) and Hong Kong SAR (X tons) represented roughly 87% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +58.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Taiwan (Chinese) ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, together comprising 42% of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +59.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, picking up by 10% against the previous year. In general, the import price, however, recorded a mild decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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