EU: Bridge Market 2024

Bridge Market Size in the EU

After three years of growth, the EU bridge market decreased by X% to $X in 2023. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Bridge Production in the EU

In value terms, bridge production stood at $X in 2023 estimated in export price. Overall, production recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

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Bridge Exports

Exports in the EU

After two years of decline, shipments abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) increased by X% to X tons in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, bridge exports soared to $X in 2023. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Germany (X tons) and Spain (X tons) were the key exporters of bridges, bridge sections, towers and lattice masts (of iron or steel) in the European Union, together constituting X% of total exports. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%), Portugal (X%) and Denmark (X%). Slovakia (X tons) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bridge supplying countries in the European Union were Spain ($X), Germany ($X) and Italy ($X), with a combined X% share of total exports. The Netherlands, Denmark, Portugal and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, 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 2023, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed a slight increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other leaders experienced more modest paces of growth.

Bridge Imports

Imports in the EU

In 2023, overseas purchases of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by X% to X tons, falling for the second year in a row after seven years of growth. In general, imports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, bridge imports soared to $X in 2023. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Germany (X tons), distantly followed by Finland (X tons), Poland (X tons), France (X tons), Spain (X tons), the Netherlands (X tons) and Sweden (X tons) represented the key importers of bridges, bridge sections, towers and lattice masts (of iron or steel), together creating X% of total imports. The following importers - Italy (X tons), Portugal (X tons), Belgium (X tons), Austria (X tons), Denmark (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported bridges, bridge sections, towers and lattice masts (of iron or steel) in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

In Germany, bridge imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: France (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform