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

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

The South African iron or steel bridges market rose modestly to $X in 2022, growing by 2.4% against the previous year. The market value increased at an average annual rate of +2.4% 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 failed to regain momentum.

Production of Iron Or Steel Bridges And Bridge-Sections in South Africa

In value terms, iron or steel bridges production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% 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 52%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from South Africa

In 2022, approx. X tons of iron or steel bridges and bridge-sections were exported from South Africa; surging by 13% on 2021 figures. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 237% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, iron or steel bridges exports expanded significantly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 187%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Angola (X tons) were the main destinations of iron or steel bridges exports from South Africa, with a combined 65% share of total exports. Botswana, Lesotho, Mozambique, Canada, Swaziland, Democratic Republic of the Congo, Namibia and Ghana lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +1,619.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel bridges exported from South Africa were Zambia ($X), Canada ($X) and Zimbabwe ($X), together comprising 50% of total exports.

Among the main countries of destination, Canada, with a CAGR of +975.0%, recorded the highest growth rate of the value of exports, 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, reducing by -6.8% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 174%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Angola ($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 Ghana (+11.1%), 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 South Africa

For the third consecutive year, South Africa recorded decline in supplies from abroad of iron or steel bridges and bridge-sections, which decreased by -53.4% to X tons in 2022. In general, imports showed a sharp decline. The most prominent rate of growth was recorded in 2015 when imports increased by 684% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel bridges imports fell markedly to $X in 2022. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 51%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Hungary (X tons) and Australia (X tons) were the main suppliers of iron or steel bridges imports to South Africa, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel bridges suppliers to South Africa were Australia ($X), Hungary ($X) and China ($X), together comprising 96% of total imports.

Among the main suppliers, Hungary, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron or steel bridges import price stood at $X per ton in 2022, dropping by -16% against the previous year. Over the period under review, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 259% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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