Eastern Asia: Sheet Piling Market 2024

Sheet Piling Market Size in Eastern Asia

The East Asian sheet piling market declined slightly to $X in 2021, waning by -2.9% against the previous year. Over the period under review, consumption showed a slight curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sheet Piling Production in Eastern Asia

In value terms, sheet piling production dropped to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Sheet Piling Exports

Exports in Eastern Asia

Sheet piling exports contracted remarkably to X tons in 2021, which is down by -19% against 2020. Total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.2% against 2018 indices. The growth pace was the most rapid in 2017 when exports increased by 52%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, sheet piling exports stood at $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the key exporter of sheet piling, shapes and sections (of iron or steel) in Eastern Asia, with the volume of exports finishing at X tons, which was near 81% of total exports in 2021. It was distantly followed by Japan (X tons), making up a 15% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the sheet piling, shapes and sections (of iron or steel) exports, with a CAGR of +13.8% from 2012 to 2021. Japan (-5.0%) and South Korea (-18.8%) illustrated a downward trend over the same period. China (+46 p.p.) significantly strengthened its position in terms of the total exports, while Japan and South Korea saw its share reduced by -18% and -24.2% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest sheet piling supplier in Eastern Asia, comprising 83% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +12.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-6.5% per year) and South Korea (-20.1% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 40% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the other leaders experienced a decline in the export price figures.

Sheet Piling Imports

Imports in Eastern Asia

In 2021, sheet piling imports in Eastern Asia dropped dramatically to X tons, which is down by -41% compared with the year before. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, sheet piling imports dropped rapidly to $X in 2021. In general, imports showed a pronounced descent. The pace of growth was the most pronounced in 2017 when imports increased by 29% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) represented the main importer of sheet piling, shapes and sections (of iron or steel), achieving 51% of total imports. China (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons), Macao SAR (X tons) and South Korea (X tons). All these countries together held near 47% share of total imports. Japan (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to sheet piling imports into Hong Kong SAR stood at -1.4%. At the same time, Macao SAR (+9.6%) and Taiwan (Chinese) (+7.2%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.6% from 2012-2021. By contrast, China (-8.3%), South Korea (-16.0%) and Japan (-16.2%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+11 p.p.), Hong Kong SAR (+11 p.p.) and Macao SAR (+3.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-5.1 p.p.), China (-9.7 p.p.) and South Korea (-11.2 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported sheet piling, shapes and sections (of iron or steel) in Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR totaled -1.5%. In the other countries, the average annual rates were as follows: China (-10.8% per year) and Taiwan (Chinese) (+7.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 35% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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