Malaysia: Sheet Piling Market 2025

Sheet Piling Market Size in Malaysia

The Malaysian sheet piling market declined sharply to $X in 2021, dropping by -59.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a noticeable reduction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sheet Piling Exports

Exports from Malaysia

In 2021, the amount of sheet piling, shapes and sections (of iron or steel) exported from Malaysia skyrocketed to X tons, with an increase of 34% compared with 2020 figures. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 125% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sheet piling exports soared to $X in 2021. In general, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for sheet piling exports from Malaysia, with a 80% share of total exports. Moreover, sheet piling exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), more than tenfold. The third position in this ranking was held by the Philippines (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+43.9% per year) and the Philippines (-23.6% per year).

In value terms, Singapore ($X) remains the key foreign market for sheet piling, shapes and sections (of iron or steel) exports from Malaysia, comprising 78% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 6.9% share of total exports. It was followed by the Philippines, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+34.9% per year) and the Philippines (-29.0% per year).

Export Prices by Country

In 2021, the average sheet piling export price amounted to $X per ton, with an increase of 32% against the previous year. Overall, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2017 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.7%), while the prices for the other major destinations experienced a decline.

Sheet Piling Imports

Imports into Malaysia

For the third year in a row, Malaysia recorded decline in supplies from abroad of sheet piling, shapes and sections (of iron or steel), which decreased by -51.2% to X tons in 2021. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, sheet piling imports contracted notably to $X in 2021. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 68% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Thailand (X tons) were the main suppliers of sheet piling imports to Malaysia, together comprising 85% of total imports. These countries were followed by Singapore and Japan, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +2.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest sheet piling suppliers to Malaysia were South Korea ($X), China ($X) and Thailand ($X), together accounting for 77% of total imports. Singapore and Japan lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Singapore, with a CAGR of +1.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average sheet piling import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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