Southern Asia: Market for Iron Or Steel Bridges And Bridge-Sections 2024

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

The South Asian iron or steel bridges market contracted slightly to $X in 2022, leveling off at the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.1% against 2020 indices. The level of consumption peaked at $X in 2021, and then declined modestly in the following year.

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

In value terms, iron or steel bridges production shrank slightly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.6% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 32%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports in Southern Asia

In 2022, exports of iron or steel bridges and bridge-sections in Southern Asia fell slightly to X tons, dropping by -2.4% against the previous year. Overall, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 150% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel bridges exports soared to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 116% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. 94% of total exports in 2022. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +1.3% from 2012 to 2022. At the same time, Sri Lanka (+70.4%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +70.4% from 2012-2022. Sri Lanka (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest iron or steel bridges supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +7.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 51% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%).

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports in Southern Asia

In 2022, iron or steel bridges imports in Southern Asia expanded to X tons, increasing by 1.5% on 2021. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 132%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, iron or steel bridges imports reduced slightly to $X in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 95%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Bangladesh represented the key importer of iron or steel bridges and bridge-sections in Southern Asia, with the volume of imports accounting for X tons, which was approx. 53% of total imports in 2022. It was distantly followed by India (X tons) and Pakistan (X tons), together constituting a 43% share of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 94% share of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +40.1%, recorded the highest growth rate of the value of imports, 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 Southern Asia amounted to $X per ton, shrinking by -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2013 when the import price increased by 38%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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