Scandinavia: Bridge Market 2024

Bridge Market Size in Scandinavia

The Scandinavia bridge market surged to $X in 2021, with an increase of 19% against the previous year. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Bridge Production in Scandinavia

In value terms, bridge production shrank significantly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 38%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Bridge Exports

Exports in Scandinavia

In 2021, overseas shipments of bridges, bridge sections, towers and lattice masts (of iron or steel) were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a deep slump. The growth pace was the most rapid in 2016 when exports increased by 73% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bridge exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 72% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark dominates exports structure, resulting at X tons, which was approx. 97% of total exports in 2021. Sweden (X tons) held a little share of total exports.

Denmark was also the fastest-growing in terms of the bridges, bridge sections, towers and lattice masts (of iron or steel) exports, with a CAGR of -5.0% from 2012 to 2021. Sweden (-27.4%) illustrated a downward trend over the same period. While the share of Denmark (+19 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-14.9 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest bridge supplier in Scandinavia, comprising 93% of total exports. The second position in the ranking was held by Sweden ($X), with a 3% share of total exports.

In Denmark, bridge exports declined by an average annual rate of -6.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, shrinking by -5.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 25%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Denmark stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.7%).

Bridge Imports

Imports in Scandinavia

In 2021, the amount of bridges, bridge sections, towers and lattice masts (of iron or steel) imported in Scandinavia soared to X tons, with an increase of 32% on the year before. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 130%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, bridge imports soared to $X in 2021. Overall, imports showed a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 84% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Finland (X tons) and Sweden (X tons) represented the largest importers of bridges, bridge sections, towers and lattice masts (of iron or steel) in 2021, recording approx. 40% and 34% of total imports, respectively. It was distantly followed by Norway (X tons) and Denmark (X tons), together comprising a 26% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bridge importing markets in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X), with a combined 90% share of total imports.

Finland, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, declining by -4.5% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 an increase of 53%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Denmark ($X per ton) and Norway ($X per ton), while Sweden ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform