Global Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size

The global steel sheet piling market expanded remarkably to $X in 2022, surging by 13% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Steel Sheet Piling Production

In value terms, steel sheet piling production reduced to $X in 2022 estimated in export price. In general, production showed a slight setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 8.3%. Global production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Steel Sheet Piling Exports

Exports

For the fourth consecutive year, the global market recorded decline in overseas shipments of sheet piling of steel, which decreased by -1.6% to X tons in 2022. The total export volume increased at an average annual rate of +2.0% 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 2018 with an increase of 20%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the global exports failed to regain momentum.

In value terms, steel sheet piling exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +2.6% 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 2021 with an increase of 28% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the major exporter of sheet piling of steel in the world, with the volume of exports resulting at X tons, which was approx. 50% of total exports in 2022. It was distantly followed by Luxembourg (X tons) and the Czech Republic (X tons), together mixing up a 28% share of total exports. Poland (X tons), the Netherlands (X tons), the United Arab Emirates (X tons) and Japan (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to steel sheet piling exports from China stood at +18.7%. At the same time, the United Arab Emirates (+36.5%), the Czech Republic (+7.6%), the Netherlands (+3.9%) and Poland (+3.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.5% from 2012-2022. By contrast, Luxembourg (-3.3%) and Japan (-11.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the United Arab Emirates and the Czech Republic increased by +39, +2.8 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Luxembourg ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, with a combined 77% share of global exports. Poland, the Netherlands, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +34.9%, saw 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

The average steel sheet piling export price stood at $X per ton in 2022, with an increase of 15% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 32%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the other global leaders experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports

In 2022, purchases abroad of sheet piling of steel was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.9% 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 2016 when imports increased by 12%. Global imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, steel sheet piling imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The Philippines was the largest importer of sheet piling of steel in the world, with the volume of imports recording X tons, which was approx. 27% of total imports in 2022. The Netherlands (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (6%), the United States (5.4%) and the UK (4.7%). The following importers - Hong Kong SAR (X tons), Germany (X tons), Canada (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Bangladesh (X tons), Denmark (X tons) and Vietnam (X tons) - together made up 25% of total imports.

The Philippines was also the fastest-growing in terms of the sheet piling of steel imports, with a CAGR of +43.8% from 2012 to 2022. At the same time, Bangladesh (+39.4%), Belgium (+15.2%), Vietnam (+11.7%), Taiwan (Chinese) (+9.6%), Canada (+5.4%), the UK (+4.2%), Denmark (+3.5%), Germany (+2.2%), the United States (+2.0%) and the Netherlands (+1.2%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Belgium and Bangladesh increased by +26, +4 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steel sheet piling importing markets worldwide were the Philippines ($X), the Netherlands ($X) and the United States ($X), together accounting for 41% of global imports.

The Philippines, with a CAGR of +45.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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, surging by 9.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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