Global Sheet Piling Market 2024

Sheet Piling Market Size

The global sheet piling market shrank to $X in 2021, reducing by -7.3% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sheet Piling Production

In value terms, sheet piling production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 26%. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Sheet Piling Exports

Exports

Global sheet piling exports dropped modestly to X tons in 2021, falling by -4.2% compared with the year before. Over the period under review, exports continue to indicate a slight setback. The pace of growth was the most pronounced in 2018 when exports increased by 14% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the global exports remained at a lower figure.

In value terms, sheet piling exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the global exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and Luxembourg (X tons) represented the key exporters of sheet piling, shapes and sections (of iron or steel) in 2021, accounting for approx. 32% and 24% of total exports, respectively. It was distantly followed by the Czech Republic (X tons), Japan (X tons), the Netherlands (X tons) and Poland (X tons), together achieving a 24% share of total exports. The United Arab Emirates (X tons) and Thailand (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of +32.7%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Luxembourg ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2021, together comprising 52% of global exports. The Netherlands, Poland, Japan, the United Arab Emirates and Thailand lagged somewhat behind, together accounting for a further 19%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +30.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sheet piling export price amounted to $X per ton, with an increase of 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.3%), while the other global leaders experienced more modest paces of growth.

Sheet Piling Imports

Imports

In 2021, purchases abroad of sheet piling, shapes and sections (of iron or steel) was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 15%. Over the period under review, global imports hit record highs 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. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, global imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), Bangladesh (X tons) and Hong Kong SAR (X tons) were the major importers of sheet piling, shapes and sections (of iron or steel), together achieving 44% of total imports. The following importers - the UK (X tons), Belgium (X tons), the United States (X tons), Vietnam (X tons), Canada (X tons), Ireland (X tons), France (X tons) and China (X tons) - together made up 25% of total imports.

Imports into the Philippines increased at an average annual rate of +44.7% from 2012 to 2021. At the same time, Bangladesh (+60.7%), Ireland (+23.7%), Vietnam (+16.5%), Belgium (+11.1%), Germany (+6.9%) and the UK (+3.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of +60.7% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.4%), the Netherlands (-2.2%), the United States (-2.8%), China (-8.3%) and Canada (-12.0%) illustrated a downward trend over the same period. While the share of the Philippines (+18 p.p.), Bangladesh (+6 p.p.), Germany (+2.5 p.p.), Ireland (+2.4 p.p.), Vietnam (+2.2 p.p.) and Belgium (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-1.7 p.p.), the Netherlands (-2.7 p.p.), China (-2.8 p.p.) and Canada (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sheet piling importing markets worldwide were the Philippines ($X), Germany ($X) and the Netherlands ($X), with a combined 30% share of global imports. These countries were followed by the UK, Hong Kong SAR, the United States, France, Vietnam, Canada, Bangladesh, Belgium, China and Ireland, which together accounted for a further 33%.

Among the main importing countries, Bangladesh, with a CAGR of +49.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average sheet piling import price stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, the import price, however, saw a mild decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+17.1%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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