Belgium: Bridge Market 2024

Bridge Market Size in Belgium

The Belgian bridge market contracted rapidly to $X in 2021, falling by -92.5% against the previous year. Over the period under review, consumption continues to indicate a sharp reduction. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Bridge Production in Belgium

In value terms, bridge production declined to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Bridge Exports

Exports from Belgium

In 2021, the amount of bridges, bridge sections, towers and lattice masts (of iron or steel) exported from Belgium surged to X tons, picking up by 249% compared with the previous year's figure. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,033%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, bridge exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 688%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for bridge exports from Belgium, with a 79% share of total exports. Moreover, bridge exports to France exceeded the volume sent to the second major destination, Germany (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to France stood at +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+122.1% per year) and the Philippines (+13.3% per year).

In value terms, France ($X) remains the key foreign market for bridges, bridge sections, towers and lattice masts (of iron or steel) exports from Belgium, comprising 83% of total exports. The second position in the ranking was held by Germany ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+113.2% per year) and the Philippines (-4.2% per year).

Export Prices by Country

The average bridge export price stood at $X per ton in 2021, growing by 15% against the previous year. In general, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 51% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Bridge Imports

Imports into Belgium

In 2021, bridge imports into Belgium declined markedly to X tons, which is down by -54.6% against 2020 figures. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 276%. Imports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, bridge imports shrank significantly to $X in 2021. In general, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 284% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then fell notably in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of bridge imports to Belgium, together comprising 47% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +446.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) appeared to be the largest bridge suppliers to Belgium, with a combined 52% share of total imports.

Spain, with a CAGR of +357.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bridge import price amounted to $X per ton, declining by -6.4% against the previous year. Overall, the import price showed a mild decline. The pace of growth was the most pronounced in 2013 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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