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

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

The German iron or steel bridges market rose slightly to $X in 2022, increasing by 3% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +94.5% against 2015 indices. Iron or steel bridges consumption peaked in 2022 and is likely to continue growth in the near future.

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

In value terms, iron or steel bridges production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +72.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Germany

In 2022, iron or steel bridges exports from Germany contracted remarkably to X tons, with a decrease of -41.1% on 2021 figures. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 70%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron or steel bridges exports declined sharply to $X in 2022. Overall, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Ukraine (X tons) and Austria (X tons) were the main destinations of iron or steel bridges exports from Germany, with a combined 35% share of total exports. The Netherlands, the Czech Republic, the UK, Israel, the United Arab Emirates, Italy, Iraq, Canada, Belgium and Switzerland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +49.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel bridges exported from Germany were Russia ($X), Ukraine ($X) and Austria ($X), with a combined 39% share of total exports. The Czech Republic, the Netherlands, the UK, the United Arab Emirates, Israel, Belgium, Iraq, Canada, Italy and Switzerland lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Canada, with a CAGR of +47.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average iron or steel bridges export price amounted to $X per ton, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 an increase of 30%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into Germany

After two years of growth, purchases abroad of iron or steel bridges and bridge-sections decreased by -36% to X tons in 2022. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, iron or steel bridges imports declined dramatically to $X in 2022. Over the period under review, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Luxembourg (X tons) constituted the largest iron or steel bridges supplier to Germany, accounting for a 32% share of total imports. Moreover, iron or steel bridges imports from Luxembourg exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Slovakia (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Luxembourg totaled +159.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+36.0% per year) and Slovakia (+9.6% per year).

In value terms, Slovakia ($X), Hungary ($X) and Luxembourg ($X) constituted the largest iron or steel bridges suppliers to Germany, together comprising 54% of total imports.

Among the main suppliers, Luxembourg, with a CAGR of +97.9%, 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 average iron or steel bridges import price amounted to $X per ton, surging by 24% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 increased by +105.0% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Switzerland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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