Southern Asia: Sheet Piling Market 2025

Sheet Piling Market Size in Southern Asia

The South Asian sheet piling market reduced to $X in 2021, waning by -6.4% against the previous year. Overall, consumption showed a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sheet Piling Production in Southern Asia

In value terms, sheet piling production dropped markedly to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2020 with an increase of 49% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Sheet Piling Exports

Exports in Southern Asia

In 2021, approx. X tons of sheet piling, shapes and sections (of iron or steel) were exported in Southern Asia; increasing by 90% against 2020. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sheet piling exports skyrocketed to $X in 2021. Over the period under review, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of sheet piling, shapes and sections (of iron or steel), namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the sheet piling, shapes and sections (of iron or steel) exports, with a CAGR of +11.5% from 2012 to 2021. India (+37 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest sheet piling supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +12.7%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the export price increased by 20%. The level of export peaked at $X per ton in 2020, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +1.1% per year.

Sheet Piling Imports

Imports in Southern Asia

In 2021, supplies from abroad of sheet piling, shapes and sections (of iron or steel) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 143%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, sheet piling imports skyrocketed to $X in 2021. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 107% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Bangladesh (X tons) represented the major importer of sheet piling, shapes and sections (of iron or steel), mixing up 71% of total imports. India (X tons) held the second position in the ranking, followed by Sri Lanka (X tons) and Pakistan (X tons). All these countries together held approx. 27% share of total imports.

Bangladesh was also the fastest-growing in terms of the sheet piling, shapes and sections (of iron or steel) imports, with a CAGR of +60.7% from 2012 to 2021. At the same time, Sri Lanka (+32.6%), Pakistan (+14.0%) and India (+8.8%) displayed positive paces of growth. While the share of Bangladesh (+62 p.p.) and Sri Lanka (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-7.8 p.p.) and India (-45 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported sheet piling, shapes and sections (of iron or steel) in Southern Asia, comprising 66% of total imports. The second position in the ranking was held by India ($X), with a 24% share of total imports. It was followed by Pakistan, with a 6.5% share.

In Bangladesh, sheet piling imports expanded at an average annual rate of +49.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (-0.3% per year) and Pakistan (+11.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the import price, however, showed a deep contraction. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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