South-Eastern Asia: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in South-Eastern Asia

In 2022, the Southeast Asian steel sheet piling market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Steel Sheet Piling Production in South-Eastern Asia

In value terms, steel sheet piling production soared to $X in 2022 estimated in export price. In general, production showed a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Steel Sheet Piling Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of sheet piling of steel decreased by X% to X tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel sheet piling exports soared to $X in 2022. Overall, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented the main exporters of sheet piling of steel in 2022, recording approx. X% and X% of total exports, respectively. Malaysia (X tons) ranks next in terms of the total exports with a X% share, followed by Singapore (X%) and Indonesia (X%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Steel Sheet Piling Imports

Imports in South-Eastern Asia

In 2022, steel sheet piling imports in South-Eastern Asia surged to X tons, picking up by X% compared with the previous year's figure. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steel sheet piling imports skyrocketed to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The Philippines dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Singapore (X tons), comprising a X% share of total imports. Malaysia (X tons), Indonesia (X tons) and Cambodia (X tons) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the sheet piling of steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Indonesia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported sheet piling of steel in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

In the Philippines, steel sheet piling imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Cambodia ($X per ton) and Indonesia ($X per ton), while the Philippines ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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