South-Eastern Asia: Market for Iron Or Steel Bridges And Bridge-Sections 2025

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

In 2022, the Southeast Asian iron or steel bridges market decreased by -1.9% to $X, falling for the third consecutive year after four years of growth. The total consumption indicated a pronounced expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by -16.1% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, iron or steel bridges production stood at $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in South-Eastern Asia

In 2022, exports of iron or steel bridges and bridge-sections in South-Eastern Asia soared to X tons, with an increase of 15% on the year before. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when exports increased by 30% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, iron or steel bridges exports stood at $X in 2022. Overall, exports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly 61% of total exports in 2022. Singapore (X tons) ranks next in terms of the total exports with a 12% share, followed by Thailand (11%), Malaysia (8.9%) and Myanmar (5.8%).

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +57.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, together comprising 83% of total exports. Singapore, Malaysia and Myanmar lagged somewhat behind, together accounting for a further 16%.

Among the main exporting countries, Myanmar, with a CAGR of +54.3%, saw 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 export price in South-Eastern Asia amounted to $X per ton, with a decrease of -11.9% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel bridges export price increased by +70.3% against 2017 indices. The growth pace was the most rapid in 2014 when the export price increased by 36% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in South-Eastern Asia

In 2022, purchases abroad of iron or steel bridges and bridge-sections was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2019 when imports increased by 48% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel bridges imports fell slightly to $X in 2022. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by 91%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons), Indonesia (X tons), the Philippines (X tons), Cambodia (X tons), Lao People's Democratic Republic (X tons) and Myanmar (X tons) represented the main importer of iron or steel bridges and bridge-sections in South-Eastern Asia, creating 85% of total import. Singapore (X tons) ranks next in terms of the total imports with a 7% share, followed by Malaysia (5.3%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +4.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined 62% share of total imports. Myanmar, Cambodia, Lao People's Democratic Republic, Singapore and Malaysia lagged somewhat behind, together comprising a further 36%.

Lao People's Democratic Republic, with a CAGR of +7.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by -10.3% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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