Saudi Arabia - Stainless Steel Seamless Pipe For Oil And Gas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel Seamless Pipe in Saudi Arabia - 2021
Contents:
- Price for Stainless Steel Seamless Pipe in Saudi Arabia (FOB) - 2022
- Price for Stainless Steel Seamless Pipe in Saudi Arabia (CIF) - 2022
- Exports of Stainless Steel Seamless Pipe in Saudi Arabia
- Imports of Stainless Steel Seamless Pipe in Saudi Arabia
Price for Stainless Steel Seamless Pipe in Saudi Arabia (FOB) - 2022
The average stainless steel seamless pipe export price stood at $1,189 per ton in 2022, rising by 14% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The growth pace was the most rapid in 2020 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices hit record highs at $2,043 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,204 per ton), while the average price for exports to the United Arab Emirates ($1,027 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 Bahrain (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Stainless Steel Seamless Pipe in Saudi Arabia (CIF) - 2022
The average stainless steel seamless pipe import price stood at $1,977 per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 35%. Over the period under review, average import prices attained the peak figure at $12,029 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($4,300 per ton), while the price for India ($983 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.8%), while the prices for the other major suppliers experienced a decline.
Exports of Stainless Steel Seamless Pipe in Saudi Arabia
After three years of growth, shipments abroad of stainless steel seamless pipe for oil and gas decreased by -1.2% to 1.1K tons in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 47%.
In value terms, stainless steel seamless pipe exports rose remarkably to $1.3M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 119% against the previous year. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Stainless Steel Seamless Pipe in Saudi Arabia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 9.7 | 1.5 | 58.9 | 1.2 | -50.2% |
Oman | 0.3 | 0.3 | 2.6 | 0.1 | -30.7% |
United Arab Emirates | 0.1 | 1.9 | 3.0 | 0.1 | 0.0% |
Iraq | N/A | N/A | 2.1 | N/A | 0% |
Kuwait | N/A | 0.3 | 15.0 | N/A | 4900.0% |
Others | -9.4 | -2.5 | -80.4 | N/A | 192.5% |
Total | 0.7 | 1.5 | 1.2 | 1.3 | 22.9% |
Top Export Markets for Stainless Steel Seamless Pipe from Saudi Arabia in 2022:
- United States (1016.4 tons)
- United Arab Emirates (60.6 tons)
- Oman (50.4 tons)
Imports of Stainless Steel Seamless Pipe in Saudi Arabia
In 2022, approx. 16K tons of stainless steel seamless pipe for oil and gas were imported into Saudi Arabia; jumping by 54% against 2021 figures. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 58%. As a result, imports reached the peak of 22K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, stainless steel seamless pipe imports soared to $32M in 2022. In general, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.8% against 2020 indices.
Import of Stainless Steel Seamless Pipe in Saudi Arabia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.0 | 14.4 | 7.5 | 9.8 | 34.8% |
South Korea | 0.9 | 12.9 | 0.4 | 5.3 | 80.6% |
India | 1.3 | 4.1 | 3.2 | 3.6 | 40.4% |
Germany | 0.7 | 0.5 | 2.9 | 3.3 | 67.7% |
Italy | 4.4 | 0.8 | 1.2 | 2.4 | -18.3% |
Japan | 3.3 | 0.3 | 2.1 | 2.4 | -10.1% |
Spain | 3.5 | 2.0 | 0.3 | 2.2 | -14.3% |
United States | 0.3 | 0.4 | 1.5 | 1.8 | 81.7% |
United Kingdom | 2.3 | N/A | 0.7 | N/A | -44.8% |
Ukraine | 4.5 | N/A | N/A | N/A | 0% |
Others | 5.0 | 7.5 | 0.9 | 1.0 | -41.5% |
Total | 30.4 | 42.8 | 20.7 | 31.8 | 1.5% |
Top Suppliers of Stainless Steel Seamless Pipe to Saudi Arabia in 2022:
- China (5.6K tons)
- India (3.7K tons)
- South Korea (3.1K tons)
- Japan (0.9K tons)
- Germany (0.8K tons)
- Italy (0.7K tons)
- United States (0.5K tons)
- Spain (0.5K tons)
This report provides an in-depth analysis of the market for stainless steel seamless pipe in Saudi Arabia. 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 24201110 - Line pipe, of a kind used for oil or gas pipelines, seamless, of stainless steel
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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