Bridge Market Overview in the United Kingdom
Market Overview
In 2019, the UK bridge market increased by 
% to $, rising for the fourth consecutive year after three years of decline. Overall, consumption continues to indicate resilient growth. The pace of growth was the most pronounced in 2012 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.
In value terms, bridge production reached $ in 2019 estimated in export prices. In general, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
% to $, rising for the fourth consecutive year after three years of decline. Overall, consumption continues to indicate resilient growth. The pace of growth was the most pronounced in 2012 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.In value terms, bridge production reached $
in 2019 estimated in export prices. In general, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.Consumption
In 2019, consumption of bridges, bridge sections, towers and lattice masts (of iron or steel) increased by % to tonnes, rising for the fourth year in a row after three years of decline. Overall, consumption continues to indicate a prominent increase. The pace of growth was the most pronounced in 2012 when the consumption volume increased by % y-o-y. As a result, consumption reached the peak volume of tonnes. From 2013 to 2019, the growth of the consumption remained at a somewhat lower figure.
The value of the bridge market in the UK reached $ in 2019, surging by % 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). In general, consumption enjoyed strong growth. The most prominent rate of growth was recorded in 2012 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.
% to tonnes, rising for the fourth year in a row after three years of decline. Overall, consumption continues to indicate a prominent increase. The pace of growth was the most pronounced in 2012 when the consumption volume increased by % y-o-y. As a result, consumption reached the peak volume of tonnes. From 2013 to 2019, the growth of the consumption remained at a somewhat lower figure.The value of the bridge market in the UK reached $
in 2019, surging by % 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). In general, consumption enjoyed strong growth. The most prominent rate of growth was recorded in 2012 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for bridge in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
The UK remains a net importer of bridge; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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