Australia and Oceania: Bridge Market 2024

Bridge Market Size in Australia and Oceania

In 2021, the bridge market in Australia and Oceania decreased by -5.3% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, saw a mild expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bridge Production in Australia and Oceania

In value terms, bridge production rose sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 94%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Bridge Exports

Exports in Australia and Oceania

In 2021, overseas shipments of bridges, bridge sections, towers and lattice masts (of iron or steel) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 77% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bridge exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 73%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) was the main exporter of bridges, bridge sections, towers and lattice masts (of iron or steel), making up 63% of total exports. It was distantly followed by New Zealand (X tons), committing a 36% share of total exports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +11.4%).

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with a decrease of -17.7% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 82%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then reduced remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.9%).

Bridge Imports

Imports in Australia and Oceania

In 2021, purchases abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -5.8% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 121%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, bridge imports declined slightly to $X in 2021. In general, imports showed a slight shrinkage. The growth pace was the most rapid in 2017 with an increase of 91%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Australia dominates imports structure, finishing at X tons, which was near 84% of total imports in 2021. It was distantly followed by Papua New Guinea (X tons), making up a 7.4% share of total imports. New Zealand (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of bridges, bridge sections, towers and lattice masts (of iron or steel). At the same time, Papua New Guinea (+10.5%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.5% from 2012-2021. By contrast, New Zealand (-3.5%) illustrated a downward trend over the same period. While the share of Papua New Guinea (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-2.1 p.p.) and New Zealand (-2.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported bridges, bridge sections, towers and lattice masts (of iron or steel) in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 9.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (+7.7% per year) and New Zealand (-7.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :