Italy: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in Italy

After four years of growth, the Italian steel sheet piling market decreased by -6.4% to $X in 2022. In general, consumption, however, saw a relatively flat trend pattern. Steel sheet piling consumption peaked at $X in 2021, and then dropped in the following year.

Steel Sheet Piling Exports

Exports from Italy

In 2022, overseas shipments of sheet piling of steel increased by 125% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a slight decrease. The pace of growth was the most pronounced in 2018 when exports increased by 560% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, steel sheet piling exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 658%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Albania (X tons) was the main destination for steel sheet piling exports from Italy, with a 86% share of total exports. Moreover, steel sheet piling exports to Albania exceeded the volume sent to the second major destination, Tunisia (X tons), more than tenfold. Switzerland (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania stood at +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+64.3% per year) and Switzerland (-23.2% per year).

In value terms, Albania ($X) emerged as the key foreign market for sheet piling of steel exports from Italy, comprising 72% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Tunisia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Albania totaled +59.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+21.4% per year) and Tunisia (+56.0% per year).

Export Prices by Country

The average steel sheet piling export price stood at $X per ton in 2022, dropping by -16.9% against the previous year. Overall, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 131%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Saudi Arabia ($X per ton), while the average price for exports to Switzerland ($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 Brazil (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports into Italy

In 2022, after four years of growth, there was significant decline in supplies from abroad of sheet piling of steel, when their volume decreased by -13.5% to X tons. Over the period under review, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 86% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, steel sheet piling imports fell slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 108% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Luxembourg (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of steel sheet piling imports to Italy, with a combined 86% share of total imports. The Netherlands, Austria, Belgium and Germany lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +162.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X), the Czech Republic ($X) and Poland ($X) were the largest steel sheet piling suppliers to Italy, together accounting for 85% of total imports. The Netherlands, Austria, Belgium and Germany lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Belgium, with a CAGR of +87.3%, saw the highest growth rate of 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

The average steel sheet piling import price stood at $X per ton in 2022, picking up by 14% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 import price increased by +66.5% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for Austria ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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