Report Update Nov 1, 2024

Sri Lanka - Iron or Steel Bridges and Bridge-Sections - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Iron Or Steel Bridges And Bridge-Sections 2024

Market Size for Iron Or Steel Bridges And Bridge-Sections in Sri Lanka

The Sri Lankan iron or steel bridges market dropped remarkably to $X in 2022, reducing by -46.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a noticeable setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Iron Or Steel Bridges And Bridge-Sections

Exports from Sri Lanka

In 2022, iron or steel bridges exports from Sri Lanka soared to X tons, increasing by 55% against 2021 figures. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 386% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, iron or steel bridges exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 200% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Malaysia (X tons) was the main destination for iron or steel bridges exports from Sri Lanka, with a 93% share of total exports. Moreover, iron or steel bridges exports to Malaysia exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

In value terms, Malaysia ($X) emerged as the key foreign market for iron or steel bridges and bridge-sections exports from Sri Lanka, comprising 73% of total exports. The second position in the ranking was taken by India ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia was relatively modest.

Export Prices by Country

In 2022, the average iron or steel bridges export price amounted to $X per ton, increasing by 3.2% against the previous year. Overall, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 277%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-3.9%).

Imports of Iron Or Steel Bridges And Bridge-Sections

Imports into Sri Lanka

In 2022, imports of iron or steel bridges and bridge-sections into Sri Lanka contracted significantly to X tons, shrinking by -54.3% on the previous year. Overall, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 with an increase of 306% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel bridges imports skyrocketed to $X in 2022. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 when imports increased by 191% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest iron or steel bridges supplier to Sri Lanka, accounting for a 72% share of total imports. Moreover, iron or steel bridges imports from Hungary exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. China (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+213.9% per year) and China (+17.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of iron or steel bridges and bridge-sections to Sri Lanka, comprising 96% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 3.2% share of total imports. It was followed by China, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+148.7% per year) and China (+18.6% per year).

Import Prices by Country

The average iron or steel bridges import price stood at $X per ton in 2022, growing by 367% against the previous year. Over the period under review, the import price saw a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel bridges and bridge-sections in the world?

China constituted the country with the largest volume of iron or steel bridges consumption, comprising approx. 26% of total volume. Moreover, iron or steel bridges consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.7% share.

What are the largest producers of iron or steel bridges and bridge-sections in the world?

China remains the largest iron or steel bridges producing country worldwide, comprising approx. 29% of total volume. Moreover, iron or steel bridges production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.8% share.

What are the leading suppliers of iron or steel bridges and bridge-sections to Sri Lanka?

In value terms, the Netherlands, Thailand and Myanmar appeared to be the largest iron or steel bridges suppliers to Sri Lanka, with a combined 71% share of total imports.

What are the leading importers of iron or steel bridges and bridge-sections from Sri Lanka?

In value terms, Maldives remains the key foreign market for iron or steel bridges exports from Sri Lanka.

What is the average export price for iron or steel bridges and bridge-sections in Sri Lanka?

The average iron or steel bridges export price stood at $1,665 per ton in 2021, surging by 1.9% against the previous year.

What is the average import price for iron or steel bridges and bridge-sections in Sri Lanka?

The average iron or steel bridges import price stood at $4,313 per ton in 2021, shrinking by -7.1% against the previous year.

This report provides an in-depth analysis of the market for iron or steel bridges in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25112100 - Iron or steel bridges and bridge-sections

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023