Middle East: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in the Middle East

The Middle Eastern steel sheet piling market declined to $X in 2022, reducing by X% against the previous year. Overall, consumption continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Steel Sheet Piling Production in the Middle East

In value terms, steel sheet piling production reached $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Steel Sheet Piling Exports

Exports in the Middle East

In 2022, shipments abroad of sheet piling of steel was finally on the rise to reach X tons after five years of decline. In general, exports posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, steel sheet piling exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Kuwait (X tons) took a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the sheet piling of steel exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest steel sheet piling supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Steel Sheet Piling Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded decline in supplies from abroad of sheet piling of steel, which decreased by X% to X tons in 2022. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, steel sheet piling imports shrank slightly to $X in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the key importer of sheet piling of steel, generating X% of total imports. Jordan (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%), Kuwait (X%), Oman (X%), Iraq (X%) and Qatar (X%).

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Jordan (X%), Kuwait (X%), Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iraq (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Jordan (X p.p.), Kuwait (X p.p.), Oman (X p.p.), Qatar (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Jordan ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Jordan, 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 more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Oman ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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