United Kingdom: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in the UK

The UK steel sheet piling market soared to $X in 2022, jumping by 48% 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). Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +56.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Steel Sheet Piling Exports

Exports from the UK

In 2022, shipments abroad of sheet piling of steel increased by 13% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 210%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel sheet piling exports fell sharply to $X in 2022. Overall, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 179%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for steel sheet piling exports from the UK, with a 70% share of total exports. Moreover, steel sheet piling exports to Ireland exceeded the volume sent to the second major destination, Australia (X tons), sixfold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland amounted to +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+4.4% per year) and the Netherlands (+25.4% per year).

In value terms, Ireland ($X) remains the key foreign market for sheet piling of steel exports from the UK, comprising 43% of total exports. The second position in the ranking was taken by Australia ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Ireland amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-4.0% per year) and Saudi Arabia (+35.3% per year).

Export Prices by Country

In 2022, the average steel sheet piling export price amounted to $X per ton, which is down by -34.3% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 112%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Ireland ($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 India (+4.9%), while the prices for the other major destinations experienced a decline.

Steel Sheet Piling Imports

Imports into the UK

Steel sheet piling imports into the UK soared to X tons in 2022, jumping by 19% compared with the year before. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 67% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, steel sheet piling imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 66%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Luxembourg (X tons) and Poland (X tons) were the main suppliers of steel sheet piling imports to the UK, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +46.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steel sheet piling suppliers to the UK were Luxembourg ($X), the United Arab Emirates ($X) and Poland ($X), with a combined 74% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +51.8%, saw 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

The average steel sheet piling import price stood at $X per ton in 2022, picking up by 31% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and China ($X per ton), while the price for Germany ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :