Report Update: May 1, 2024

Vietnam - Sheet Piling, Shapes And Sections (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Sheet Piling Price in Vietnam - 2021

Sheet Piling Price in Vietnam (CIF) - 2022

The average sheet piling import price stood at $1,063 per ton in 2022, declining by -5.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 an increase of 48%. Over the period under review, average import prices attained the peak figure at $1,297 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($1,093 per ton) and Japan ($901 per ton), while the price for South Korea ($868 per ton) and Thailand ($871 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.

Sheet Piling Price in Vietnam (FOB) - 2022

The average sheet piling export price stood at $852 per ton in 2022, which is down by -4.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 77% against the previous year. As a result, the export price reached the peak level of $1,576 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 the United States ($1,511 per ton), while the average price for exports to Taiwan (Chinese) ($695 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 Bangladesh (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Sheet Piling Imports in Vietnam

In 2022, imports of sheet piling, shapes and sections (of iron or steel) into Vietnam contracted sharply to 43K tons, with a decrease of -31.5% compared with 2021. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 170%. As a result, imports attained the peak of 62K tons, and then declined significantly in the following year.

In value terms, sheet piling imports declined dramatically to $46M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 244% against the previous year. As a result, imports attained the peak of $71M, and then fell sharply in the following year.

Import of Sheet Piling in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.6	12.1	67.0	40.0	60.9%
South Korea	9.3	4.5	0.5	2.8	-33.0%
Japan	6.5	3.8	2.8	2.6	-26.3%
Others	0.1	N/A	0.2	0.1	0.0%
Total	25.5	20.5	70.5	45.5	21.3%

Top Suppliers of Sheet Piling to Vietnam in 2022:

China (36.7K tons)
South Korea (3.2K tons)
Japan (2.9K tons)

Sheet Piling Exports in Vietnam

Sheet piling exports from Vietnam surged to 12K tons in 2022, growing by 47% compared with the previous year. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 91% against the previous year. As a result, the exports reached the peak of 16K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheet piling exports soared to $11M in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 87% against the previous year. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Sheet Piling in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	5.4	1.6	0.1	6.2	4.7%
United States	0.6	1.1	0.1	1.8	44.2%
Taiwan (Chinese)	0.9	0.2	N/A	0.9	0.0%
Myanmar	0.2	0.1	N/A	0.7	51.8%
Japan	0.1	0.3	N/A	0.4	58.7%
Bangladesh	N/A	N/A	7.2	N/A	0%
Cote d'Ivoire	N/A	10.1	N/A	N/A	0%
Others	N/A	0.2	0.1	0.5	58.1%
Total	7.2	13.6	7.5	10.5	13.4%

Top Export Markets for Sheet Piling from Vietnam in 2022:

Cambodia (8.5K tons)
Taiwan (Chinese) (1.3K tons)
United States (1.2K tons)
Myanmar (0.7K tons)
Japan (0.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sheet piling market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24107410 - Sheet piling (of steel)
Prodcom 24107420 - Welded and cold-formed sections (of steel)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023