Belgium: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in Belgium

The Belgian steel sheet piling market soared to $X in 2022, picking up by 49% 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). Over the period under review, consumption saw prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Steel Sheet Piling Exports

Exports from Belgium

In 2022, shipments abroad of sheet piling of steel decreased by -80.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 293% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, steel sheet piling exports dropped remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 328% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for steel sheet piling exports from Belgium, with a 88% share of total exports. Moreover, steel sheet piling exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by Democratic Republic of the Congo (X tons), with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.9% per year) and Democratic Republic of the Congo (-31.3% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for sheet piling of steel exports from Belgium, comprising 89% of total exports. The second position in the ranking was held by the United States ($X), with a 5.7% share of total exports. It was followed by Democratic Republic of the Congo, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.3% per year) and Democratic Republic of the Congo (-32.1% per year).

Export Prices by Country

In 2022, the average steel sheet piling export price amounted to $X per ton, with an increase of 21% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel sheet piling export price increased by +92.8% against 2016 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Sheet Piling Imports

Imports into Belgium

In 2022, overseas purchases of sheet piling of steel increased by 48% to X tons, rising for the fifth year in a row after three years of decline. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 196%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, steel sheet piling imports expanded remarkably to $X in 2022. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest steel sheet piling supplier to Belgium, with a 78% share of total imports. Moreover, steel sheet piling imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+0.3% per year) and China (+10.2% per year).

In value terms, the largest steel sheet piling suppliers to Belgium were the Netherlands ($X), Luxembourg ($X) and China ($X), together comprising 100% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steel sheet piling import price stood at $X per ton in 2022, waning by -26.3% against the previous year. Overall, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2020 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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