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

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

The Mexican iron or steel bridges market amounted to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Iron or steel bridges consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, iron or steel bridges production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. Iron or steel bridges production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Mexico

Iron or steel bridges exports from Mexico shrank notably to X tons in 2022, with a decrease of -49.4% against the previous year. Overall, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2019 with an increase of 3,597% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron or steel bridges exports fell significantly to $X in 2022. Over the period under review, exports showed a sharp descent. The pace of growth was the most pronounced in 2019 with an increase of 3,810% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Dominican Republic (X kg) and Costa Rica (X kg) were the main destinations of iron or steel bridges exports from Mexico, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of -18.4%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X), the Dominican Republic ($X) and Costa Rica ($X) were the largest markets for iron or steel bridges exported from Mexico worldwide, together accounting for 76% of total exports.

The United States, with a CAGR of -18.8%, saw 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 a decline.

Export Prices by Country

The average iron or steel bridges export price stood at $X per ton in 2022, surging by 42% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Costa Rica ($X per ton), while the average price for exports to France ($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 Honduras (+10.3%), 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 Mexico

In 2022, overseas purchases of iron or steel bridges and bridge-sections decreased by -92.2% to X tons, falling for the fifth consecutive year after four years of growth. Overall, imports saw a sharp decrease. The pace of growth was the most pronounced in 2017 when imports increased by 184% 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 somewhat lower figure.

In value terms, iron or steel bridges imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a significant curtailment. The growth pace was the most rapid in 2017 when imports increased by 111%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons) and the United States (X tons) were the main suppliers of iron or steel bridges imports to Mexico.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of -8.1%).

In value terms, the largest iron or steel bridges suppliers to Mexico were Indonesia ($X) and the United States ($X).

Indonesia, with a CAGR of -22.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average iron or steel bridges import price amounted to $X per ton, declining by -45.1% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 91%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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