Southern Asia: Steel Sheet Piling Market 2025

Steel Sheet Piling Market Size in Southern Asia

The South Asian steel sheet piling market shrank rapidly to $X in 2022, waning by -24.1% against the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. The level of consumption peaked at $X in 2021, and then shrank rapidly in the following year.

Steel Sheet Piling Production in Southern Asia

In value terms, steel sheet piling production soared to $X in 2022 estimated in export price. Overall, production continues to indicate significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Steel Sheet Piling Exports

Exports in Southern Asia

In 2022, the amount of sheet piling of steel exported in Southern Asia skyrocketed to X tons, picking up by 15% on 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 380% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, steel sheet piling exports dropped modestly to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 304%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted slightly in the following year.

Exports by Country

The biggest shipments were from India (X tons) and Sri Lanka (X tons), together amounting to 99% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sri Lanka (with a CAGR of +95.9%).

In value terms, India ($X) remains the largest steel sheet piling supplier in Southern Asia, comprising 87% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +29.3%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by -14.5% against the previous year. In general, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2016 when the export price increased by 71% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.8%).

Steel Sheet Piling Imports

Imports in Southern Asia

Steel sheet piling imports shrank remarkably to X tons in 2022, dropping by -31.1% compared with the year before. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 145% against the previous year. The volume of import peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, steel sheet piling imports contracted sharply to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 83%. The level of import peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Bangladesh represented the key importer of sheet piling of steel in Southern Asia, with the volume of imports accounting for X tons, which was near 72% of total imports in 2022. India (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons). All these countries together took near 25% share of total imports. Maldives (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the sheet piling of steel imports, with a CAGR of +39.4% from 2012 to 2022. At the same time, Pakistan (+8.5%), Maldives (+7.4%) and India (+3.8%) displayed positive paces of growth. While the share of Bangladesh (+62 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Maldives (-1.6 p.p.), Pakistan (-3.2 p.p.) and India (-34.4 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported sheet piling of steel in Southern Asia, comprising 67% of total imports. The second position in the ranking was held by India ($X), with a 26% share of total imports. It was followed by Pakistan, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value in Bangladesh stood at +39.8%. In the other countries, the average annual rates were as follows: India (+3.0% per year) and Pakistan (+6.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2018 an increase of 59%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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