China: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in China

The Chinese steel sheet piling market shrank notably to $X in 2022, declining by X% against the previous year. Overall, consumption saw a dramatic decrease. Steel sheet piling consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Steel Sheet Piling Production in China

In value terms, steel sheet piling production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Sheet Piling Exports

Exports from China

In 2022, steel sheet piling exports from China surged to X tons, picking up by X% against 2021. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, steel sheet piling exports skyrocketed to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons) was the main destination for steel sheet piling exports from China, accounting for a X% share of total exports. Moreover, steel sheet piling exports to the Philippines exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for sheet piling of steel exports from China, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

Export Prices by Country

The average steel sheet piling export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Sheet Piling Imports

Imports into China

In 2022, steel sheet piling imports into China dropped remarkably to X tons, with a decrease of X% compared with 2021. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, steel sheet piling imports dropped dramatically to $X in 2022. Overall, imports faced a dramatic descent. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), Luxembourg (X tons) and Germany (X tons) were the main suppliers of steel sheet piling imports to China, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Luxembourg ($X), Japan ($X) and Germany ($X) constituted the largest steel sheet piling suppliers to China, together comprising X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average steel sheet piling import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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