GCC: Steel Sheet Piling Market 2024

Steel Sheet Piling Market Size in GCC

The GCC steel sheet piling market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption continues to indicate a deep reduction. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Steel Sheet Piling Production in GCC

In value terms, steel sheet piling production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Sheet Piling Exports

Exports in GCC

After five years of decline, shipments abroad of sheet piling of steel increased by X% to X tons in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, steel sheet piling exports soared to $X in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Kuwait (X tons) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the sheet piling of steel exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest steel sheet piling supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, steel sheet piling exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Steel Sheet Piling Imports

Imports in GCC

In 2022, overseas purchases of sheet piling of 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, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, steel sheet piling imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the key importer of sheet piling of steel, generating X% of total imports. It was distantly followed by Saudi Arabia (X tons), Kuwait (X tons), Oman (X tons) and Qatar (X tons), together creating a X% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Oman (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.), Bahrain (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sheet piling of steel in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, steel sheet piling imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Oman ($X per ton) and Kuwait ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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