Benelux: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in Benelux

The Benelux steel sheet piling market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Steel Sheet Piling Production in Benelux

In value terms, steel sheet piling production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 6.9%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Steel Sheet Piling Exports

Exports in Benelux

In 2022, the amount of sheet piling of steel exported in Benelux shrank significantly to X tons, which is down by -23.5% compared with the year before. Over the period under review, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2018 when exports increased by 53% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel sheet piling exports rose modestly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 55%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Luxembourg was the key exporter of sheet piling of steel in Benelux, with the volume of exports reaching X tons, which was near 87% of total exports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a 12% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to steel sheet piling exports from Luxembourg stood at -3.3%. At the same time, the Netherlands (+3.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +3.9% from 2012-2022. While the share of the Netherlands (+5.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Luxembourg (-5.4 p.p.) displayed negative dynamics.

In value terms, Luxembourg ($X) remains the largest steel sheet piling supplier in Benelux, comprising 86% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports.

In Luxembourg, steel sheet piling exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, surging by 36% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +74.0% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%).

Steel Sheet Piling Imports

Imports in Benelux

In 2022, overseas purchases of sheet piling of steel increased by 40% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +85.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 44% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steel sheet piling imports soared to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +136.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) was the key importer of sheet piling of steel, constituting 65% of total imports. It was distantly followed by Belgium (X tons), achieving a 35% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +15.2%).

In value terms, the Netherlands ($X) constitutes the largest market for imported sheet piling of steel in Benelux, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +2.0%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, growing by 3.8% against the previous year. Overall, the import price, however, saw a slight decline. The pace of growth was the most pronounced in 2021 when the import price increased by 23% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%).

Source: IndexBox Platform