Eastern Asia: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in Eastern Asia

The East Asian steel sheet piling market fell markedly to $X in 2022, waning by -31.8% against the previous year. Overall, consumption showed a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Steel Sheet Piling Production in Eastern Asia

In value terms, steel sheet piling production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9.6% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Steel Sheet Piling Exports

Exports in Eastern Asia

Steel sheet piling exports soared to X tons in 2022, with an increase of 28% against 2021. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 50% against the previous year. Over the period under review, the exports reached the maximum 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. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 53%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 93% of total exports in 2022. It was distantly followed by Japan (X tons), comprising a 5.5% share of total exports. South Korea (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the sheet piling of steel exports, with a CAGR of +18.7% from 2012 to 2022. Japan (-11.4%) and South Korea (-17.1%) illustrated a downward trend over the same period. China (+59 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -21.5% and -32.4% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest steel sheet piling supplier in Eastern Asia, comprising 92% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +19.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-10.6% per year) and South Korea (-15.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 9.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 42% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%), while the other leaders experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports in Eastern Asia

In 2022, imports of sheet piling of steel in Eastern Asia contracted sharply to X tons, waning by -19.3% against the previous year. Overall, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2017 when imports increased by 41% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, steel sheet piling imports reduced notably to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR represented the main importing country with an import of about X tons, which amounted to 53% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), Macao SAR (X tons) and Japan (X tons), together making up a 42% share of total imports. China (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +10.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported sheet piling of steel in Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 26% share of total imports. It was followed by Japan, with a 6.3% share.

In Hong Kong SAR, steel sheet piling imports plunged by an average annual rate of -2.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+8.0% per year) and Japan (-5.7% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, surging by 5% against the previous year. Over the period under review, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 34% 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :