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

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

The GCC iron or steel bridges market fell dramatically to $X in 2022, waning by -31% against the previous year. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined remarkably in the following year.

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

In value terms, iron or steel bridges production contracted to $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 101% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in GCC

In 2022, overseas shipments of iron or steel bridges and bridge-sections increased by 29% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 127% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel bridges exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2017 with an increase of 86%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Bahrain prevails in exports structure, reaching X tons, which was near 82% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons), together committing a 16% share of total exports. Kuwait (X tons) took a relatively small share of total exports.

Bahrain was also the fastest-growing in terms of the iron or steel bridges and bridge-sections exports, with a CAGR of +203.3% from 2012 to 2022. At the same time, the United Arab Emirates (+1.7%) displayed positive paces of growth. By contrast, Saudi Arabia (-4.3%) and Kuwait (-7.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain increased by +82 percentage points.

In value terms, Bahrain ($X) remains the largest iron or steel bridges supplier in GCC, comprising 79% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Saudi Arabia, with a 6.5% share.

In Bahrain, iron or steel bridges exports increased at an average annual rate of +192.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.1% per year) and Saudi Arabia (-5.1% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 30%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton), while Bahrain ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in GCC

In 2022, supplies from abroad of iron or steel bridges and bridge-sections was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 80%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel bridges imports contracted to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in imports structure, together committing 83% of total imports. Oman (X tons) held a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (5.5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel bridges importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together comprising 91% of total imports.

The United Arab Emirates, with a CAGR of +19.4%, recorded the highest growth rate of the value of imports, among the main importing countries 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 GCC amounted to $X per ton, shrinking by -7.6% against the previous year. In general, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Oman ($X per ton) and Kuwait ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform