Forecast: Import of Bridges and Bridge Sections, of Iron or Steel to the US

The import value of bridges and bridge sections of iron or steel in the US is forecasted to decline from $17.279 million in 2024 to $8.477 million in 2028. This represents a consistent downward trend. Assuming the import value stood at a stable level in 2023, the year-on-year decrease from 2024 onward averages around -12% annually over the forecast period. A compound annual growth rate (CAGR) over five years indicates a significant average decline, reflecting decreasing import demand or increased domestic production.

Future trends to watch for include potential shifts in domestic infrastructure policies that may affect import reliance, changes in steel prices due to geopolitical factors, and advancements in bridge construction technology that could impact import strategies.