United Arab Emirates: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in the United Arab Emirates

In 2022, the steel sheet piling market in the United Arab Emirates was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a abrupt decline. Steel sheet piling consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Steel Sheet Piling Production in the United Arab Emirates

In value terms, steel sheet piling production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Steel sheet piling production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Steel Sheet Piling Exports

Exports from the United Arab Emirates

After two years of growth, overseas shipments of sheet piling of steel decreased by -8.8% to X tons in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 167% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, steel sheet piling exports dropped to $X in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 131% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The UK (X tons) was the main destination for steel sheet piling exports from the United Arab Emirates, with a 32% share of total exports. Moreover, steel sheet piling exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+29.8% per year) and Canada (+33.6% per year).

In value terms, the UK ($X) remains the key foreign market for sheet piling of steel exports from the United Arab Emirates, comprising 31% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by Canada, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.8% per year) and Canada (+34.6% per year).

Export Prices by Country

In 2022, the average steel sheet piling export price amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, showed a mild decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to India ($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 France (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Sheet Piling Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of sheet piling of steel was finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a perceptible decrease. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, steel sheet piling imports surged to $X in 2022. Overall, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by 173%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main steel sheet piling supplier to the United Arab Emirates, accounting for a 94% share of total imports. It was followed by Poland (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-4.3% per year) and India (+29.3% per year).

In value terms, China ($X) constituted the largest supplier of sheet piling of steel to the United Arab Emirates, comprising 79% of total imports. The second position in the ranking was held by Poland ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.2% per year) and India (+25.1% per year).

Import Prices by Country

In 2022, the average steel sheet piling import price amounted to $X per ton, declining by -21.8% against the previous year. In general, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 48%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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