Puerto Rico: Sheet Piling Market 2024

Sheet Piling Market Size in Puerto Rico

The Puerto Rican sheet piling market dropped to $X in 2021, reducing by -7.5% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.9% against 2019 indices. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Sheet Piling Production in Puerto Rico

In value terms, sheet piling production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 39%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sheet Piling Exports

Exports from Puerto Rico

In 2021, the amount of sheet piling, shapes and sections (of iron or steel) exported from Puerto Rico stood at less than X kg, leveling off at 2020 figures. In general, exports showed a relatively flat trend pattern.

In value terms, sheet piling exports stood at less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons) and Luxembourg (X tons) were the main exporters of sheet piling, shapes and sections (of iron or steel)around the world, together amounting to approx. 56% of total exports. It was distantly followed by the Czech Republic (X tons), Japan (X tons), the Netherlands (X tons), Poland (X tons) and South Korea (X tons), together committing a 26% share of total exports. The United Arab Emirates (X tons), Thailand (X tons), Germany (X tons) and the United States (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +32.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Luxembourg ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2021, with a combined 52% share of total exports. Qatar, the Netherlands, Poland, Japan, Germany, the United States, the United Arab Emirates, Thailand and South Korea lagged somewhat behind, together accounting for a further 31%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +30.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+45.8%), while the other leaders experienced more modest paces of growth.

Sheet Piling Imports

Imports into Puerto Rico

In 2021, the amount of sheet piling, shapes and sections (of iron or steel) imported into Puerto Rico was estimated at less than X kg, remaining constant against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, sheet piling imports stood at less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), Bangladesh (X tons) and Hong Kong SAR (X tons) were the main importers of sheet piling, shapes and sections (of iron or steel), together mixing up 44% of total imports. The UK (X tons), Belgium (X tons), the United States (X tons), Vietnam (X tons), Canada (X tons), Ireland (X tons), France (X tons) and China (X tons) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of +44.7% from 2012 to 2021. At the same time, Bangladesh (+60.7%), Ireland (+23.7%), Vietnam (+16.5%), Belgium (+11.1%), Germany (+6.9%) and the UK (+3.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of +60.7% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.4%), the Netherlands (-2.2%), the United States (-2.8%), China (-8.3%) and Canada (-12.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines, Bangladesh, Germany, Ireland, Vietnam and Belgium increased by +18, +6, +2.5, +2.4, +2.2 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sheet piling importing markets into Puerto Rico were the Philippines ($X), Germany ($X) and the Netherlands ($X), with a combined 30% share of total imports. These countries were followed by the UK, Hong Kong SAR, the United States, France, Vietnam, Canada, Bangladesh, Belgium, China and Ireland, which together accounted for a further 33%.

In terms of the main importing countries, Bangladesh, with a CAGR of +49.8%, saw the highest rates of growth with regard to 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately mirroring the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+17.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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