Singapore: Bridge Market 2025

Bridge Market Size in Singapore

The Singaporean bridge market was estimated at $X in 2021, growing by 4.3% against the previous year. Over the period under review, consumption continues to indicate a strong increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Bridge Production in Singapore

In value terms, bridge production fell modestly to $X in 2021 estimated in export price. Overall, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 353%. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Bridge Exports

Exports from Singapore

In 2021, the amount of bridges, bridge sections, towers and lattice masts (of iron or steel) exported from Singapore skyrocketed to X tons, rising by 226% on the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 446%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, bridge exports skyrocketed to $X in 2021. Overall, exports continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2019 with an increase of 715%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons), Canada (X tons) and Indonesia (X tons) were the main destinations of bridge exports from Singapore, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +162.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) emerged as the key foreign market for bridges, bridge sections, towers and lattice masts (of iron or steel) exports from Singapore, comprising 72% of total exports. The second position in the ranking was held by Canada ($X), with an 8% share of total exports. It was followed by Australia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+117.5% per year) and Australia (-0.1% per year).

Export Prices by Country

The average bridge export price stood at $X per ton in 2021, rising by 43% against the previous year. Over the period under review, the export price recorded moderate growth. The growth pace was the most rapid in 2014 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bridge Imports

Imports into Singapore

In 2021, the amount of bridges, bridge sections, towers and lattice masts (of iron or steel) imported into Singapore skyrocketed to X tons, rising by 99% against 2020 figures. Overall, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 124% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, bridge imports skyrocketed to $X in 2021. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 187%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of bridge imports to Singapore, together accounting for 87% of total imports. The Netherlands, Turkey, South Korea, Thailand, Vietnam and Spain lagged somewhat behind, together accounting for a further 8.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +91.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Malaysia ($X) were the largest bridge suppliers to Singapore, together comprising 76% of total imports. The Netherlands, South Korea, Turkey, Thailand, Vietnam and Spain lagged somewhat behind, together comprising a further 12%.

Turkey, with a CAGR of +103.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bridge import price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of 28%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+20.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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