EU: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in the EU

The EU steel sheet piling market skyrocketed to $X in 2022, jumping by 38% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.9% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Steel Sheet Piling Production in the EU

In value terms, steel sheet piling production declined slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 7.6% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Steel Sheet Piling Exports

Exports in the EU

In 2022, steel sheet piling exports in the European Union contracted rapidly to X tons, reducing by -25.2% on the previous year. Overall, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 24%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, steel sheet piling exports contracted modestly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Luxembourg (X tons) represented the key exporter of sheet piling of steel, making up 61% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a 15% share, followed by Poland (11%) and the Netherlands (8.5%).

Exports from Luxembourg decreased at an average annual rate of -3.3% from 2012 to 2022. At the same time, the Czech Republic (+7.6%), the Netherlands (+3.9%) and Poland (+3.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +7.6% from 2012-2022. While the share of the Czech Republic (+9.7 p.p.), Poland (+5.1 p.p.) and the Netherlands (+4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Luxembourg (-4.2 p.p.) displayed negative dynamics.

In value terms, Luxembourg ($X) remains the largest steel sheet piling supplier in the European Union, comprising 60% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Luxembourg was relatively modest. In the other countries, the average annual rates were as follows: the Czech Republic (+11.6% per year) and Poland (+6.5% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 32% against the previous year. Export price indicated a noticeable increase 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 +63.9% against 2020 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, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Luxembourg ($X per ton), while Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the other leaders experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports in the EU

In 2022, overseas purchases of sheet piling of steel increased by 14% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 25% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, steel sheet piling imports skyrocketed to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +79.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

The Netherlands was the key importing country with an import of about X tons, which amounted to 36% of total imports. It was distantly followed by Belgium (X tons), Germany (X tons), Denmark (X tons) and France (X tons), together constituting a 45% share of total imports. The following importers - Poland (X tons) and Italy (X tons) - each resulted at an 8.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported sheet piling of steel in the European Union, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Belgium, with an 8.7% share.

In the Netherlands, steel sheet piling imports increased at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+4.9% per year) and Belgium (+6.9% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by 9.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 19%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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