Report Update Nov 1, 2024

Hong Kong SAR, China - Bridges, Bridge Sections, Towers and Lattice Masts (Of Iron or Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Bridge Market 2024

Bridge Market Size in Hong Kong SAR, China

The Hong Kong bridge market skyrocketed to $X in 2021, with an increase of 53% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Bridge Production in Hong Kong SAR, China

In value terms, bridge production expanded markedly to $X in 2021 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 48%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bridge Exports

Exports from Hong Kong SAR, China

Bridge exports from Hong Kong SAR soared to X tons in 2021, rising by 131% on 2020. Overall, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 161% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bridge exports surged to $X in 2021. In general, exports continue to indicate a modest expansion. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons), Zambia (X tons) and Malawi (X tons) were the main destinations of bridge exports from Hong Kong SAR, together comprising 48% 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 Malawi (with a CAGR of +224.8%), while the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X), Sri Lanka ($X) and Malawi ($X) were the largest markets for bridge exported from Hong Kong SAR worldwide, with a combined 65% share of total exports.

In terms of the main countries of destination, Malawi, with a CAGR of +207.7%, saw the highest growth rate of 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

The average bridge export price stood at $X per ton in 2021, rising by 3.7% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 87% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Brazil (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bridge Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) increased by 321% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 586%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, bridge imports surged to $X in 2021. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 724%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) was the main supplier of bridge to Hong Kong SAR, accounting for a 99% share of total imports. It was followed by Italy (X tons), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +49.8%.

In value terms, China ($X) constituted the largest supplier of bridges, bridge sections, towers and lattice masts (of iron or steel) to Hong Kong SAR, comprising 98% of total imports. The second position in the ranking was taken by Italy ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +53.2%.

Import Prices by Country

In 2021, the average bridge import price amounted to $X per ton, picking up by 3% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bridge import price increased by +23.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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 China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bridges, bridge sections, towers and lattice masts (of iron or steel) in the world?

The countries with the highest volumes of bridge consumption in 2020 were Japan, China and India, with a combined 45% share of global consumption. The United States, Brazil, Canada, Russia, Indonesia, Turkey, Germany, Poland and Mexico lagged somewhat behind, together comprising a further 26%.

What are the largest producers of bridges, bridge sections, towers and lattice masts (of iron or steel) in the world?

The countries with the highest volumes of bridge production in 2020 were Japan, China and India, with a combined 50% share of global production. These countries were followed by Brazil, Canada, Turkey, Russia, Indonesia, Spain, the United States, Italy, Mexico and Vietnam, which together accounted for a further 28%.

What are the leading suppliers of bridges, bridge sections, towers and lattice masts (of iron or steel) to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of bridge to Hong Kong SAR, comprising 85% of total imports. The second position in the ranking was occupied by Italy, with a 14% share of total imports.

What is the average export price for bridges, bridge sections, towers and lattice masts (of iron or steel) in Hong Kong SAR, China?

In 2020, the average bridge export price amounted to $3,773 per ton, growing by 190% against the previous year.

What is the average import price for bridges, bridge sections, towers and lattice masts (of iron or steel) in Hong Kong SAR, China?

The average bridge import price stood at $2,593 per ton in 2020, surging by 19% against the previous year.

This report provides an in-depth analysis of the bridge market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25112100 - Iron or steel bridges and bridge-sections
Prodcom 25112200 - Iron or steel towers and lattice masts

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023