Asia-Pacific: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in Asia-Pacific

The Asia-Pacific steel sheet piling market soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Steel Sheet Piling Production in Asia-Pacific

In value terms, steel sheet piling production amounted to $X in 2022 estimated in export price. In general, production, however, showed a slight shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Steel Sheet Piling Exports

Exports in Asia-Pacific

In 2022, steel sheet piling exports in Asia-Pacific surged to X tons, picking up by X% on the previous year. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel sheet piling exports skyrocketed to $X in 2022. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X tons), comprising a X% share of total exports. The following exporters - Thailand (X tons), Vietnam (X tons) and South Korea (X tons) - each accounted for a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest steel sheet piling supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In China, steel sheet piling exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Steel Sheet Piling Imports

Imports in Asia-Pacific

In 2022, imports of sheet piling of steel in Asia-Pacific stood at X tons, with an increase of X% against the previous year. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, steel sheet piling imports rose sharply to $X in 2022. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The Philippines represented the major importing country with an import of around X tons, which reached X% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%) and Taiwan (Chinese) (X%). The following importers - Bangladesh (X tons), Malaysia (X tons) and Indonesia (X tons) - together made up X% of total imports.

The Philippines was also the fastest-growing in terms of the sheet piling of steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Hong Kong SAR (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Bangladesh increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported sheet piling of steel in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total imports. It was followed by Singapore, with a X% share.

In the Philippines, steel sheet piling imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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