Saudi Arabia: Sheet Piling Market 2024

Sheet Piling Market Size in Saudi Arabia

In 2022, the Saudi sheet piling market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted buoyant growth. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Sheet Piling Production in Saudi Arabia

In value terms, sheet piling production rose markedly to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Sheet Piling Exports

Exports from Saudi Arabia

In 2022, overseas shipments of sheet piling, shapes and sections (of iron or steel) increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheet piling exports surged to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) was the main destination for sheet piling exports from Saudi Arabia, with a X% share of total exports. Moreover, sheet piling exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Bahrain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for sheet piling, shapes and sections (of iron or steel) exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The average sheet piling export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, export price indicated a noticeable expansion 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 export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

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

Sheet Piling Imports

Imports into Saudi Arabia

In 2021, supplies from abroad of sheet piling, shapes and sections (of iron or steel) decreased by X% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, sheet piling imports stood at $X in 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Bahrain (X tons) constituted the largest supplier of sheet piling to Saudi Arabia, accounting for a X% share of total imports. Moreover, sheet piling imports from Bahrain exceeded the figures recorded by the second-largest supplier, Kuwait (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bahrain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and China (X% per year).

In value terms, Bahrain ($X) constituted the largest supplier of sheet piling, shapes and sections (of iron or steel) to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bahrain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and China (X% per year).

Import Prices by Country

In 2021, the average sheet piling import price amounted to $X per ton, rising by 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 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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