Canada: Market for Iron Or Steel Bridges And Bridge-Sections 2025

Market Size for Iron Or Steel Bridges And Bridge-Sections in Canada

In 2022, the Canadian iron or steel bridges market decreased by -11% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a perceptible contraction. Iron or steel bridges consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Bridges And Bridge-Sections in Canada

In value terms, iron or steel bridges production rose to $X in 2022 estimated in export price. In general, production, however, saw a mild contraction. The growth pace was the most rapid in 2019 when the production volume increased by 248%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Canada

After three years of decline, overseas shipments of iron or steel bridges and bridge-sections increased by 348% to X tons in 2022. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel bridges exports soared to $X in 2022. Over the period under review, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for iron or steel bridges exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +19.6%.

In value terms, the United States ($X) also remains the key foreign market for iron or steel bridges and bridge-sections exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +21.5%.

Export Prices by Country

In 2022, the average iron or steel bridges export price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2015 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.6% per year.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into Canada

In 2022, after three years of decline, there was significant growth in supplies from abroad of iron or steel bridges and bridge-sections, when their volume increased by 26% to X tons. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 212% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel bridges imports skyrocketed to $X in 2022. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 258% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest iron or steel bridges supplier to Canada, with a 56% share of total imports. Moreover, iron or steel bridges imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.5% per year) and the UK (-9.1% per year).

In value terms, the United States ($X) constituted the largest supplier of iron or steel bridges and bridge-sections to Canada, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.7% per year) and the UK (-7.7% per year).

Import Prices by Country

The average iron or steel bridges import price stood at $X per ton in 2022, with an increase of 6% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel bridges import price decreased by -17.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+44.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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