GCC: Steel Sheet Piling Market 2025

Steel Sheet Piling Market Size in GCC

The GCC steel sheet piling market soared to $X in 2022, rising by 28% against the previous year. Over the period under review, consumption, however, saw a abrupt downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Steel Sheet Piling Production in GCC

In value terms, steel sheet piling production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Steel Sheet Piling Exports

Exports in GCC

In 2022, the amount of sheet piling of steel exported in GCC contracted to X tons, with a decrease of -8.1% on 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 361% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, steel sheet piling exports dropped to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 278%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the largest exporter of sheet piling of steel, achieving 78% of total exports. Oman (X tons) took the second position in the ranking, followed by Kuwait (X tons). All these countries together took approx. 21% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the sheet piling of steel exports, with a CAGR of +36.5% from 2012 to 2022. At the same time, Oman (+20.9%) and Kuwait (+9.1%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by +41 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest steel sheet piling supplier in GCC, comprising 89% of total exports. The second position in the ranking was held by Oman ($X), with an 8.4% share of total exports.

In the United Arab Emirates, steel sheet piling exports expanded at an average annual rate of +34.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (-1.3% per year) and Kuwait (-10.0% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 65% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.1%), while the other leaders experienced a decline in the export price figures.

Steel Sheet Piling Imports

Imports in GCC

In 2022, supplies from abroad of sheet piling of steel increased by 73% to X tons for the first time since 2015, thus ending a six-year declining trend. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 322% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, steel sheet piling imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 259% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X tons, which was approx. 79% of total imports in 2022. Oman (X tons) ranks second in terms of the total imports with a 9.7% share, followed by Kuwait (4.8%) and Qatar (4.7%).

Imports into the United Arab Emirates decreased at an average annual rate of -4.2% from 2012 to 2022. At the same time, Kuwait (+15.4%), Oman (+6.0%) and Qatar (+3.7%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +15.4% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Oman, Kuwait and Qatar increased by +40, +8, +4.5 and +3.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sheet piling of steel in GCC, comprising 71% of total imports. The second position in the ranking was taken by Oman ($X), with a 15% share of total imports. It was followed by Qatar, with a 7.2% share.

In the United Arab Emirates, steel sheet piling imports contracted by an average annual rate of -7.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+7.1% per year) and Qatar (-6.9% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, falling by -15.4% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 61% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform