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

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

The Malaysian iron or steel bridges market fell to $X in 2022, leveling off at the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, iron or steel bridges production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. Iron or steel bridges production peaked 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 from Malaysia

Iron or steel bridges exports from Malaysia surged to X tons in 2022, jumping by 16% compared with 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 69%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron or steel bridges exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 77%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Indonesia (X tons) and Singapore (X tons) were the main destinations of iron or steel bridges exports from Malaysia, with a combined 61% share of total exports. Maldives, the United Arab Emirates, Bangladesh, Vietnam, Saudi Arabia, Thailand, Kuwait, Belgium, the UK and New Zealand lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +54.9%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Singapore ($X) and Indonesia ($X) constituted the largest markets for iron or steel bridges exported from Malaysia worldwide, with a combined 47% share of total exports. Maldives, the UK, Thailand, Bangladesh, Belgium, Kuwait, the United Arab Emirates, Vietnam, Saudi Arabia and New Zealand lagged somewhat behind, together accounting for a further 34%.

Bangladesh, with a CAGR of +50.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, rising by 8.9% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 export price decreased by -13.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($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 Belgium (+13.7%), 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 Malaysia

In 2022, overseas purchases of iron or steel bridges and bridge-sections increased by 53% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 105% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel bridges imports expanded notably to $X in 2022. Over the period under review, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 170% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons), the United States (X tons) and China (X tons) were the main suppliers of iron or steel bridges imports to Malaysia, together accounting for 73% of total imports. The UK, Sri Lanka, Vietnam, Austria, Thailand and Singapore lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of iron or steel bridges and bridge-sections to Malaysia, comprising 47% of total imports. The second position in the ranking was held by South Africa ($X), with a 22% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+4.6% per year) and China (-26.6% per year).

Import Prices by Country

In 2022, the average iron or steel bridges import price amounted to $X per ton, shrinking by -26% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 69%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Singapore ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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