Northern America: Bridge Market 2024

Bridge Market Size in Northern America

The North American bridge market shrank to $X in 2021, which is down by -12.5% against the previous year. In general, consumption saw a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bridge Production in Northern America

In value terms, bridge production fell slightly to $X in 2021 estimated in export price. Overall, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Bridge Exports

Exports in Northern America

After three years of growth, overseas shipments of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -29% to X tons in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 53% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bridge exports contracted markedly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 45% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada represented the largest exporting country with an export of around X tons, which resulted at 81% of total exports. It was distantly followed by the United States (X tons), comprising a 19% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of bridges, bridge sections, towers and lattice masts (of iron or steel). The United States (-15.5%) illustrated a downward trend over the same period. While the share of Canada (+33 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-33.1 p.p.) displayed negative dynamics.

In value terms, Canada ($X) remains the largest bridge supplier in Northern America, comprising 75% of total exports. The second position in the ranking was taken by the United States ($X), with a 25% share of total exports.

In Canada, bridge exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 14%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.7%).

Bridge Imports

Imports in Northern America

In 2021, after two years of growth, there was significant decline in purchases abroad of bridges, bridge sections, towers and lattice masts (of iron or steel), when their volume decreased by -38.3% to X tons. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 55% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bridge imports shrank dramatically to $X in 2021. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 51%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the major importing country with an import of about X tons, which resulted at 88% of total imports. It was distantly followed by Canada (X tons), mixing up a 12% share of total imports.

The United States was also the fastest-growing in terms of the bridges, bridge sections, towers and lattice masts (of iron or steel) imports, with a CAGR of -6.4% from 2012 to 2021. Canada (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +4.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported bridges, bridge sections, towers and lattice masts (of iron or steel) in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to -7.0%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, growing by 10% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 10%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.6%).

Source: IndexBox Platform

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