Latin America and the Caribbean: Sheet Piling Market 2024

Sheet Piling Market Size in Latin America and the Caribbean

The Latin American sheet piling market contracted to $X in 2021, which is down by -14.9% against the previous year. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.4% against 2019 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Sheet Piling Production in Latin America and the Caribbean

In value terms, sheet piling production dropped to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 41%. Over the period under review, production reached the maximum level at $X in 2020, and then declined in the following year.

Sheet Piling Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of sheet piling, shapes and sections (of iron or steel) increased by 61% to X tons, rising for the fourth year in a row after five years of decline. Overall, exports saw perceptible growth. The most prominent rate of growth was recorded in 2018 when exports increased by 373%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, sheet piling exports surged to $X in 2021. In general, exports recorded a modest expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 411%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The Dominican Republic prevails in exports structure, recording X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Brazil (X tons), generating a 5.5% share of total exports. The following exporters - Colombia (X tons) and Chile (X tons) - each amounted to a 4.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sheet piling exports from the Dominican Republic stood at +19.2%. At the same time, Brazil (+32.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +32.4% from 2012-2021. By contrast, Colombia (-15.9%) and Chile (-17.2%) illustrated a downward trend over the same period. While the share of the Dominican Republic (+60 p.p.) and Brazil (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Colombia (-14 p.p.) and Chile (-16.2 p.p.) displayed negative dynamics.

In value terms, the Dominican Republic ($X) remains the largest sheet piling supplier in Latin America and the Caribbean, comprising 71% of total exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total exports. It was followed by Chile, with a 5% share.

In the Dominican Republic, sheet piling exports expanded at an average annual rate of +12.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+12.5% per year) and Chile (-13.0% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Sheet Piling Imports

Imports in Latin America and the Caribbean

In 2021, the amount of sheet piling, shapes and sections (of iron or steel) imported in Latin America and the Caribbean shrank notably to X tons, dropping by -21% on 2020 figures. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 55%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sheet piling imports contracted notably to $X in 2021. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 81% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Brazil was the main importing country with an import of around X tons, which finished at 32% of total imports. It was distantly followed by Argentina (X tons), Uruguay (X tons), Mexico (X tons), Peru (X tons) and Suriname (X tons), together mixing up a 44% share of total imports. Chile (X tons), Bahamas (X tons), Haiti (X tons), Colombia (X tons) and Guyana (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sheet piling imports into Brazil stood at -7.5%. At the same time, Uruguay (+63.2%), Argentina (+3.4%) and Suriname (+3.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +63.2% from 2012-2021. By contrast, Peru (-1.0%), Haiti (-3.9%), Bahamas (-9.7%), Guyana (-9.9%), Colombia (-10.0%), Chile (-16.6%) and Mexico (-25.1%) illustrated a downward trend over the same period. Uruguay (+12 p.p.), Argentina (+8.7 p.p.), Brazil (+8.1 p.p.), Peru (+4.4 p.p.) and Suriname (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Mexico saw its share reduced by -2.6% and -31% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported sheet piling, shapes and sections (of iron or steel) in Latin America and the Caribbean, comprising 27% of total imports. The second position in the ranking was held by Uruguay ($X), with a 9.8% share of total imports. It was followed by Argentina, with a 9.1% share.

In Brazil, sheet piling imports shrank by an average annual rate of -7.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uruguay (+51.8% per year) and Argentina (+4.0% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 7.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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