ASEAN: Sheet Piling Market 2024

Sheet Piling Market Size in ASEAN

In 2022, after two years of growth, there was decline in the ASEAN sheet piling market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sheet Piling Production in ASEAN

In value terms, sheet piling production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Sheet Piling Exports

Exports in ASEAN

In 2022, shipments abroad of sheet piling, shapes and sections (of iron or steel) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sheet piling exports surged to $X in 2022. In general, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) and Vietnam (X tons) were the key exporters of sheet piling, shapes and sections (of iron or steel) in 2022, accounting for near X% and X% of total exports, respectively. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%) and Indonesia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while 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

The export price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, saw a pronounced contraction. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Sheet Piling Imports

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in purchases abroad of sheet piling, shapes and sections (of iron or steel), which increased by X% to X tons in 2022. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, sheet piling imports soared to $X in 2022. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Philippines prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Singapore (X tons), mixing up an 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, shapes and sections (of iron or steel) imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%) displayed positive paces of growth. By contrast, Singapore (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported sheet piling, shapes and sections (of iron or steel) in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

In the Philippines, 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

In 2022, the import price in ASEAN amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs 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 Malaysia ($X per ton) and Indonesia ($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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