MENA: Sheet Piling Market 2024

Sheet Piling Market Size in MENA

The MENA's sheet piling market rose rapidly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Sheet Piling Production in MENA

In value terms, sheet piling production expanded sharply to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Sheet Piling Exports

Exports in MENA

In 2022, approx. X tons of sheet piling, shapes and sections (of iron or steel) were exported in MENA; which is down by X% against the year before. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sheet piling exports totaled $X in 2022. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together comprising X% of total exports. It was distantly followed by Bahrain (X tons) and Kuwait (X tons), together making up a X% share of total exports. Oman (X tons), Saudi Arabia (X tons) and Turkey (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Bahrain ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Qatar ($X per ton) was 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.

Sheet Piling Imports

Imports in MENA

In 2022, approx. X tons of sheet piling, shapes and sections (of iron or steel) were imported in MENA; reducing by X% on the previous year. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sheet piling imports shrank to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Kuwait (X tons) were the largest importers of sheet piling, shapes and sections (of iron or steel) in MENA, together generating X% of total imports. Iraq (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Jordan (X%), Oman (X%) and Egypt (X%). Algeria (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Jordan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Jordan, Oman, Egypt and Algeria lagged somewhat behind, together accounting for a further X%.

Jordan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a perceptible 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 import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iraq ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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