U.S.: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in the U.S.

The U.S. steel sheet piling market skyrocketed to $X in 2022, picking up by 90% 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). In general, consumption posted measured growth. Steel sheet piling consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Steel Sheet Piling Exports

Exports from the U.S.

In 2022, the amount of sheet piling of steel exported from the United States contracted significantly to X tons, with a decrease of -42.8% against the year before. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 21% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, steel sheet piling exports reduced dramatically to $X in 2022. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for steel sheet piling exports from the United States, with a 78% share of total exports. Moreover, steel sheet piling exports to Canada exceeded the volume sent to the second major destination, Turks and Caicos Islands (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+90.9% per year) and Mexico (-12.5% per year).

In value terms, Canada ($X) remains the key foreign market for sheet piling of steel exports from the United States, comprising 65% of total exports. The second position in the ranking was held by Turks and Caicos Islands ($X), with a 4.5% share of total exports. It was followed by Mexico, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+74.3% per year) and Mexico (-14.3% per year).

Export Prices by Country

The average steel sheet piling export price stood at $X per ton in 2022, with an increase of 30% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 export price increased by +93.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Sheet Piling Imports

Imports into the U.S.

In 2022, supplies from abroad of sheet piling of steel increased by 39% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, steel sheet piling imports surged to $X in 2022. Over the period under review, imports showed a mild expansion. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Luxembourg (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of steel sheet piling imports to the United States, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X), China ($X) and the United Arab Emirates ($X) constituted the largest steel sheet piling suppliers to the United States, together accounting for 97% of total imports.

In terms of the main suppliers, China, with a CAGR of +48.8%, recorded 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

In 2022, the average steel sheet piling import price amounted to $X per ton, jumping by 30% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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