Asia: Steel Sheet Piling Market 2025

Steel Sheet Piling Market Size in Asia

The Asian steel sheet piling market dropped to $X in 2022, declining by -5.5% against the previous year. Overall, consumption showed a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Steel Sheet Piling Production in Asia

In value terms, steel sheet piling production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 11%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Sheet Piling Exports

Exports in Asia

In 2022, approx. X tons of sheet piling of steel were exported in Asia; with an increase of 22% on the previous year. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.7% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by 22% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, steel sheet piling exports skyrocketed to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 82% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Japan (X tons), together making up a 9.8% share of total exports. The following exporters - Thailand (X tons), Vietnam (X tons) and South Korea (X tons) - each resulted at a 5.2% share of total exports.

Exports from China increased at an average annual rate of +18.7% from 2012 to 2022. At the same time, the United Arab Emirates (+36.5%), Vietnam (+31.1%) and Thailand (+4.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +36.5% from 2012-2022. By contrast, Japan (-11.4%) and South Korea (-17.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and the United Arab Emirates increased by +52 and +4.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest steel sheet piling supplier in Asia, comprising 83% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.3% share of total exports. It was followed by the United Arab Emirates, with a 4.7% share.

In China, steel sheet piling exports expanded at an average annual rate of +19.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-10.6% per year) and the United Arab Emirates (+34.9% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by 8.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 37%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the other leaders experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports in Asia

In 2022, imports of sheet piling of steel in Asia stood at X tons, increasing by 7.7% compared with the previous year. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 19%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, steel sheet piling imports rose significantly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 24%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Philippines dominates imports structure, resulting at X tons, which was near 56% of total imports in 2022. Hong Kong SAR (X tons) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (5.2%), Singapore (5.1%), Bangladesh (5%) and Vietnam (4.6%). The United Arab Emirates (X tons) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the sheet piling of steel imports, with a CAGR of +43.8% from 2012 to 2022. At the same time, Bangladesh (+39.4%), Vietnam (+11.7%) and Taiwan (Chinese) (+9.6%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.5%) and the United Arab Emirates (-4.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Bangladesh, Vietnam and Taiwan (Chinese) increased by +54, +4.7, +2 and +1.7 percentage points, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported sheet piling of steel in Asia, comprising 55% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 10% share of total imports. It was followed by Vietnam, with a 5.8% share.

In the Philippines, steel sheet piling imports increased at an average annual rate of +45.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-2.8% per year) and Vietnam (+13.0% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of 2.7% against the previous year. In general, the import price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2021 when the import price increased by 32% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the United Arab Emirates ($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 (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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