India: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in India

In 2022, the Indian steel sheet piling market decreased by -34.1% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, recorded a mild expansion. Steel sheet piling consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Steel Sheet Piling Exports

Exports from India

In 2022, the amount of sheet piling of steel exported from India shrank significantly to X tons, reducing by -34.1% compared with 2021 figures. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 438% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced sharply in the following year.

In value terms, steel sheet piling exports reached $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 330%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Nepal (X tons), Maldives (X tons) and Bangladesh (X tons) were the main destinations of steel sheet piling exports from India, together comprising 55% of total exports. Singapore, the United Arab Emirates, Sri Lanka, the United States, Tanzania, France and Oman lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +201.5%), while the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), Singapore ($X) and Bangladesh ($X) appeared to be the largest markets for steel sheet piling exported from India worldwide, with a combined 48% share of total exports.

Singapore, with a CAGR of +161.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel sheet piling export price amounted to $X per ton, increasing by 53% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 decreased by -1.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports into India

Steel sheet piling imports into India contracted remarkably to X tons in 2022, with a decrease of -44.9% compared with the previous year's figure. Overall, imports, however, recorded noticeable growth. The growth pace was the most rapid in 2015 when imports increased by 115%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, steel sheet piling imports shrank sharply to $X in 2022. In general, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 88%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Luxembourg (X tons) were the main suppliers of steel sheet piling imports to India, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Luxembourg ($X) constituted the largest steel sheet piling suppliers to India, with a combined 99% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +18.8%, recorded the highest rates of growth with regard to 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

In 2022, the average steel sheet piling import price amounted to $X per ton, growing by 54% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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