Canada: Sheet Piling Market 2024

Sheet Piling Market Size in Canada

The Canadian sheet piling market declined rapidly to $X in 2021, waning by -21.3% 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 a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sheet Piling Exports

Exports from Canada

In 2021, shipments abroad of sheet piling, shapes and sections (of iron or steel) decreased by -1% to X tons, falling for the seventh consecutive year after three years of growth. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 95%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, sheet piling exports expanded markedly to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 79%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for sheet piling exports from Canada, accounting for a 84% share of total exports. Moreover, sheet piling exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was held by the Czech Republic (X tons), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+100.0% per year) and the Czech Republic (+68.8% per year).

In value terms, the United States ($X) remains the key foreign market for sheet piling, shapes and sections (of iron or steel) exports from Canada, comprising 89% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 4.1% share of total exports. It was followed by Cayman Islands, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+90.9% per year) and Cayman Islands (-19.8% per year).

Export Prices by Country

In 2021, the average sheet piling export price amounted to $X per ton, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26%. The export price peaked in 2021 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 Cayman Islands ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sheet Piling Imports

Imports into Canada

In 2021, the amount of sheet piling, shapes and sections (of iron or steel) imported into Canada fell markedly to X tons, which is down by -37.2% compared with 2020 figures. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 69%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sheet piling imports declined to $X in 2021. Overall, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.5% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 22% against the previous year. Imports peaked at $X in 2020, and then reduced modestly in the following year.

Imports by Country

The United States (X tons), China (X tons) and Luxembourg (X tons) were the main suppliers of sheet piling imports to Canada, with a combined 83% share of total imports. The United Arab Emirates, the Netherlands, Spain and Hong Kong SAR lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +331.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sheet piling suppliers to Canada were the United States ($X), China ($X) and Luxembourg ($X), with a combined 83% share of total imports. These countries were followed by the United Arab Emirates, the Netherlands, Spain and Hong Kong SAR, which together accounted for a further 15%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +302.1%, recorded the highest growth rate of 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 sheet piling import price stood at $X per ton in 2021, surging by 59% against the previous year. Overall, the import price posted prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :