United Arab Emirates: Sheet Piling Market 2024

Sheet Piling Market Size in the United Arab Emirates

The sheet piling market in the United Arab Emirates fell notably to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sheet Piling Production in the United Arab Emirates

In value terms, sheet piling production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Sheet piling production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Sheet Piling Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of sheet piling, shapes and sections (of iron or steel) increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, sheet piling exports soared to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for sheet piling exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, sheet piling exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).

Export Prices by Country

The average sheet piling export price stood at $X per ton in 2022, growing by X% against the previous year. In general, export price indicated a notable 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 export price increased by X% against 2019 indices. 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sheet Piling Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of sheet piling, shapes and sections (of iron or steel) were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sheet piling imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Bahrain (X tons) were the main suppliers of sheet piling imports to the United Arab Emirates, with a combined X% share of total imports.

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

In value terms, China ($X), Saudi Arabia ($X) and India ($X) constituted the largest sheet piling suppliers to the United Arab Emirates, together comprising X% of total imports.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sheet piling import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and Bahrain ($X per ton), while the price for China ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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