Report Update: Apr 1, 2024

Republic of Korea - Sheet Piling, Shapes And Sections (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Sheet Piling Price in South Korea - 2022

Sheet Piling Price in South Korea (FOB) - 2022

The average sheet piling export price stood at $587 per ton in 2022, declining by -16.9% against the previous year. In general, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $816 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($618 per ton) and Singapore ($616 per ton), while the average price for exports to Hong Kong SAR ($458 per ton) and China ($459 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.8%), while the prices for the other major destinations experienced a decline.

Sheet Piling Price in South Korea (CIF) - 2022

The average sheet piling import price stood at $1,240 per ton in 2022, declining by -8.7% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheet piling import price increased by +63.0% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 21% against the previous year. The import price peaked at $1,359 per ton in 2021, and then reduced in the following year.

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 the United States ($4,816 per ton), while the price for Japan ($852 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.

Sheet Piling Exports in South Korea

After two years of decline, overseas shipments of sheet piling, shapes and sections (of iron or steel) increased by 164% to 63K tons in 2022. Overall, exports, however, continue to indicate a sharp decline.

In value terms, sheet piling exports surged to $37M in 2022. Over the period under review, exports, however, showed a dramatic setback.

Export of Sheet Piling in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	21.6	5.6	3.5	6.9	-31.6%
Hong Kong SAR	7.1	10.3	4.9	6.4	-3.4%
Japan	15.6	8.9	1.4	5.5	-29.4%
Malaysia	11.2	5.6	1.4	4.0	-29.1%
Vietnam	9.0	4.3	0.2	2.8	-32.2%
Myanmar	1.5	2.8	1.3	1.8	6.3%
China	1.2	7.9	N/A	1.8	14.5%
Indonesia	3.4	2.3	N/A	1.1	-31.4%
Singapore	1.2	3.1	0.4	1.0	-5.9%
Bangladesh	3.6	N/A	N/A	N/A	0%
Others	9.1	5.9	3.5	5.3	-16.5%
Total	84.6	56.7	16.7	36.7	-24.3%

Top Export Markets for Sheet Piling from South Korea in 2022:

Hong Kong SAR (14.1K tons)
Philippines (11.6K tons)
Japan (8.9K tons)
Malaysia (7.0K tons)
Vietnam (4.9K tons)
China (4.0K tons)
Myanmar (3.4K tons)
Indonesia (2.2K tons)
Singapore (1.7K tons)

Sheet Piling Imports in South Korea

In 2022, approx. 8.8K tons of sheet piling, shapes and sections (of iron or steel) were imported into South Korea; reducing by -12.3% compared with 2021 figures. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 37%.

In value terms, sheet piling imports fell sharply to $11M in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 66%.

Import of Sheet Piling in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.7	5.2	7.6	6.0	-8.0%
Japan	4.6	1.1	2.5	2.1	-23.0%
Germany	0.4	0.5	1.5	1.2	44.2%
United States	0.4	0.7	1.4	1.1	40.1%
Saudi Arabia	0.7	N/A	0.1	N/A	-62.2%
Others	0.8	0.7	0.5	0.4	-20.6%
Total	14.7	8.2	13.6	10.9	-9.5%

Top Suppliers of Sheet Piling to South Korea in 2022:

China (5.4K tons)
Japan (2.5K tons)
Germany (0.6K tons)
United States (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sheet piling market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24107410 - Sheet piling (of steel)
Prodcom 24107420 - Welded and cold-formed sections (of steel)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023