Latin America and the Caribbean: Market for Iron Or Steel Bridges And Bridge-Sections 2025

Market Size for Iron Or Steel Bridges And Bridge-Sections in Latin America and the Caribbean

The Latin American iron or steel bridges market declined slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Iron Or Steel Bridges And Bridge-Sections in Latin America and the Caribbean

In value terms, iron or steel bridges production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in Latin America and the Caribbean

In 2022, overseas shipments of iron or steel bridges and bridge-sections increased by 45% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 325%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron or steel bridges exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 241% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Colombia (X tons), Brazil (X tons) and Guatemala (X tons) represented the largest exporter of iron or steel bridges and bridge-sections in Latin America and the Caribbean, mixing up 81% of total export. It was distantly followed by Costa Rica (X tons), constituting an 8.2% share of total exports. The following exporters - Nicaragua (X tons) and Ecuador (X tons) - together made up 4.7% of total exports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +84.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel bridges supplying countries in Latin America and the Caribbean were Colombia ($X), Brazil ($X) and Guatemala ($X), together comprising 72% of total exports.

Guatemala, with a CAGR of +78.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, falling by -6.6% against the previous year. Overall, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in 2017 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+10.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of iron or steel bridges and bridge-sections increased by 11% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated a pronounced expansion from 2012 to 2022: its volume 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, imports increased by +52.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 67%. 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 surged to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 48%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Peru represented the major importer of iron or steel bridges and bridge-sections in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. 37% of total imports in 2022. Uruguay (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Panama (12%), the Dominican Republic (7.9%) and Colombia (4.9%). Costa Rica (X tons), Trinidad and Tobago (X tons), Honduras (X tons), Haiti (X tons) and Brazil (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel bridges imports into Peru stood at +5.8%. At the same time, Panama (+76.0%), Uruguay (+49.8%), the Dominican Republic (+24.1%), Trinidad and Tobago (+13.9%), Honduras (+10.1%) and Brazil (+8.5%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +76.0% from 2012-2022. Costa Rica experienced a relatively flat trend pattern. By contrast, Colombia (-6.8%) and Haiti (-7.5%) illustrated a downward trend over the same period. Uruguay (+14 p.p.), Panama (+12 p.p.), Peru (+6.7 p.p.) and the Dominican Republic (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while Haiti and Colombia saw its share reduced by -4.3% and -9.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), Panama ($X) and Uruguay ($X) were the countries with the highest levels of imports in 2022, with a combined 63% share of total imports.

Among the main importing countries, Panama, with a CAGR of +84.1%, recorded the highest rates of growth with regard to 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 Latin America and the Caribbean amounted to $X per ton, growing by 4.3% against the previous year. Overall, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Panama ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :