Central Asia: Market for Iron Or Steel Bridges And Bridge-Sections 2024

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

In 2022, after three years of decline, there was significant growth in the Central Asian iron or steel bridges market, when its value increased by 6.7% to $X. Overall, consumption, however, recorded a abrupt descent. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Bridges And Bridge-Sections in Central Asia

In value terms, iron or steel bridges production totaled $X in 2022 estimated in export price. In general, production enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when the production volume increased by 51% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in Central Asia

In 2022, shipments abroad of iron or steel bridges and bridge-sections increased by 30% to X tons, rising for the third year in a row after two years of decline. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 568% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel bridges exports skyrocketed to $X in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 2,242%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) represented roughly 100% of total exports in 2022.

Kazakhstan was also the fastest-growing in terms of the iron or steel bridges and bridge-sections exports, with a CAGR of +34.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest iron or steel bridges supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +25.5%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, with a decrease of -10.1% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when the export price increased by 251%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -6.6% per year.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Central Asia

In 2022, after three years of decline, there was significant growth in overseas purchases of iron or steel bridges and bridge-sections, when their volume increased by 32% to X tons. Over the period under review, imports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 265% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, iron or steel bridges imports soared to $X in 2022. In general, imports, however, continue to indicate a precipitous setback. The growth pace was the most rapid in 2015 when imports increased by 190%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Turkmenistan (X tons) and Kazakhstan (X tons) represented roughly 76% of total imports in 2022. It was distantly followed by Mongolia (X tons), mixing up a 19% share of total imports. The following importers - Uzbekistan (X tons) and Tajikistan (X tons) - each accounted for a 5.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of +9.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest iron or steel bridges importing markets in Central Asia were Kazakhstan ($X), Turkmenistan ($X) and Mongolia ($X), with a combined 88% share of total imports. Uzbekistan and Tajikistan lagged somewhat behind, together comprising a further 12%.

Among the main importing countries, Uzbekistan, with a CAGR of +37.0%, recorded the highest growth rate of 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 2022, the import price in Central Asia amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 87%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+49.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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