Colombia: Bridge Market 2025

Bridge Market Size in Colombia

In 2021, the Colombian bridge market decreased by -5.3% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Bridge consumption peaked at $X in 2020, and then declined in the following year.

Bridge Production in Colombia

In value terms, bridge production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 21%. Bridge production peaked at $X in 2020, and then fell in the following year.

Bridge Exports

Exports from Colombia

After two years of growth, overseas shipments of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -44.7% to X tons in 2021. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 123%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, bridge exports fell dramatically to $X in 2021. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 70%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica (X tons), Peru (X tons) and Panama (X tons) were the main destinations of bridge exports from Colombia, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +11.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for bridge exported from Colombia were Costa Rica ($X), Peru ($X) and Panama ($X), together accounting for 83% of total exports.

Costa Rica, with a CAGR of +13.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average bridge export price amounted to $X per ton, reducing by -18.9% against the previous year. Over the period under review, the export price recorded a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of 50%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Costa Rica ($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 Aruba (+54.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bridge Imports

Imports into Colombia

In 2021, supplies from abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -15.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 115% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, bridge imports contracted to $X in 2021. Overall, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2015 with an increase of 46%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest bridge supplier to Colombia, with a 74% share of total imports. Moreover, bridge imports from India exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +587.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.8% per year) and China (-3.1% per year).

In value terms, India ($X) constituted the largest supplier of bridges, bridge sections, towers and lattice masts (of iron or steel) to Colombia, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +395.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Turkey (-5.6% per year).

Import Prices by Country

In 2021, the average bridge import price amounted to $X per ton, surging by 2.6% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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