Middle East: Sheet Piling Market 2024

Sheet Piling Market Size in the Middle East

In 2022, the Middle Eastern sheet piling market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The total consumption indicated a measured expansion from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Sheet Piling Production in the Middle East

In value terms, sheet piling production rose significantly to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Sheet Piling Exports

Exports in the Middle East

Sheet piling exports fell dramatically to X tons in 2022, waning by X% on the previous year. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sheet piling exports expanded rapidly to $X in 2022. Overall, exports saw a noticeable setback. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together creating X% of total exports. It was distantly followed by Bahrain (X tons) and Kuwait (X tons), together achieving a X% share of total exports. The following exporters - Oman (X tons), Saudi Arabia (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Bahrain ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per ton), while Qatar ($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.

Sheet Piling Imports

Imports in the Middle East

In 2022, the amount of sheet piling, shapes and sections (of iron or steel) imported in the Middle East declined dramatically to X tons, shrinking by X% compared with the previous year's figure. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, sheet piling imports reduced to $X in 2022. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Kuwait (X tons) were the major importers of sheet piling, shapes and sections (of iron or steel) in 2022, finishing at approx. X% and X% of total imports, respectively. Iraq (X tons) ranks next in terms of the total imports with a X% share, followed by Jordan (X%) and Oman (X%). The following importers - Bahrain (X tons) and Qatar (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Jordan, Oman, Bahrain and Qatar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Jordan, with a CAGR of X%, saw 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, rising by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price 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, sheet piling import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Iraq ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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