South-Eastern Asia: Sheet Piling Market 2024

Sheet Piling Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian sheet piling market decreased by X% to $X in 2022. The market 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. 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 South-Eastern Asia

In value terms, sheet piling production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Sheet Piling Exports

Exports in South-Eastern Asia

In 2022, overseas shipments 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. In general, exports continue to indicate a slight setback. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sheet piling exports surged to $X in 2022. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented the main exporters of sheet piling, shapes and sections (of iron or steel) in 2022, amounting to approx. X% and X% of total exports, respectively. Malaysia (X tons) held the next position in the ranking, followed by Singapore (X tons) and Indonesia (X tons). All these countries together held approx. X% share of total exports.

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) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of X%, saw the highest growth rate of 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, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 South-Eastern Asia

Sheet piling imports skyrocketed to X tons in 2022, picking up by X% compared with 2021 figures. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded 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 remained at a somewhat lower figure.

In value terms, sheet piling imports skyrocketed to $X in 2022. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The Philippines prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Singapore (X tons), creating an X% share of total imports. The following importers - Malaysia (X tons), Indonesia (X tons) and Cambodia (X tons) - together made up X% of total imports.

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. While the share of the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), Indonesia (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the Philippines, sheet piling imports expanded at 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: 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 noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the peak figure 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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