Australia and Oceania: Market for Iron Or Steel Bridges And Bridge-Sections 2025

Market Size for Iron Or Steel Bridges And Bridge-Sections in Australia and Oceania

The iron or steel bridges market in Australia and Oceania soared to $X in 2022, picking up by 83% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Bridges And Bridge-Sections in Australia and Oceania

In value terms, iron or steel bridges production rose sharply to $X in 2022 estimated in export price. Over the period under review, production posted a measured expansion. The growth pace was the most rapid in 2020 when the production volume increased by 72% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in Australia and Oceania

Iron or steel bridges exports reduced dramatically to X tons in 2022, waning by -55.4% on the previous year. In general, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 310% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, iron or steel bridges exports reduced rapidly to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 406%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) and Australia (X tons) dominates exports structure, together achieving 95% of total exports. Fiji (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +11.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) were the countries with the highest levels of exports in 2022, together accounting for 99% of total exports.

In terms of the main exporting countries, Australia, with a CAGR of +20.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, waning by -16.1% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when the export price increased by 335% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Australia and Oceania

In 2022, imports of iron or steel bridges and bridge-sections in Australia and Oceania surged to X tons, rising by 166% compared with 2021. In general, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel bridges imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the main importer of iron or steel bridges and bridge-sections in Australia and Oceania, with the volume of imports amounting to X tons, which was near 80% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons), achieving a 13% share of total imports. New Caledonia (X tons) and New Zealand (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -6.7% from 2012 to 2022. At the same time, New Zealand (+29.5%) and New Caledonia (+3.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +29.5% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. While the share of Papua New Guinea (+5.8 p.p.), New Zealand (+2.1 p.p.) and New Caledonia (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel bridges and bridge-sections in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 7.5% share of total imports. It was followed by New Caledonia, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (-1.3% per year) and New Caledonia (+7.6% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 19% against the previous year. Overall, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when the import price increased by 48% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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