Period 2007-2019
Bridge Market Overview in the United Kingdom |
Market Overview
The UK bridge market dropped to $
in 2019, with a decrease of -% 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, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
In value terms, bridge production declined to $ in 2019 estimated in export prices. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2012 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
in 2019, with a decrease of -% 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, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.In value terms, bridge production declined to $
in 2019 estimated in export prices. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2012 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.Consumption
Bridge consumption in the UK declined significantly to tonnes in 2019, shrinking by -% on the year before. Over the period under review, consumption, however, showed modest growth. The pace of growth appeared the most rapid in 2018 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume at tonnes in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.
The value of the bridge market in the UK dropped to $ in 2019, shrinking 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, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2018 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.
tonnes in 2019, shrinking by -% on the year before. Over the period under review, consumption, however, showed modest growth. The pace of growth appeared the most rapid in 2018 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume at tonnes in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.The value of the bridge market in the UK dropped to $
in 2019, shrinking 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, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2018 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.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-year period (from % to %). Total import supply of bridge is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of bridge is expected to rise, though it will be moderately impacted by price increases.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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