Africa: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Africa

For the sixth consecutive year, the African stainless steel seamless pipe market recorded growth in sales value, which increased 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 in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Africa

In value terms, stainless steel seamless pipe production reached $X in 2022 estimated in export price. The total production indicated a perceptible 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 growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in Africa

After two years of growth, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, stainless steel seamless pipe exports reduced remarkably to $X in 2022. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Zambia (X tons), mixing up a X% share of total exports. Botswana (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Botswana (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.), Zambia (X p.p.) and Botswana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest stainless steel seamless pipe supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

In South Africa, stainless steel seamless pipe exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Botswana (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 South Africa ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced a decline in the export price figures.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in Africa

Stainless steel seamless pipe imports reduced rapidly to X tons in 2022, with a decrease of X% on 2021. Over the period under review, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, stainless steel seamless pipe imports dropped to $X in 2022. In general, imports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Libya (X tons), distantly followed by Botswana (X tons), Democratic Republic of the Congo (X tons), Algeria (X tons), Egypt (X tons), Zimbabwe (X tons) and Angola (X tons) were the main importers of stainless steel seamless pipe for oil and gas, together making up X% of total imports. South Africa (X tons), Togo (X tons), Zambia (X tons), Mozambique (X tons), Lesotho (X tons) and Nigeria (X tons) took a little share of total imports.

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

In value terms, the largest stainless steel seamless pipe importing markets in Africa were Angola ($X), Libya ($X) and Egypt ($X), together comprising X% of total imports. Democratic Republic of the Congo, Botswana, Algeria, South Africa, Zimbabwe, Nigeria, Zambia, Mozambique, Lesotho and Togo lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Botswana, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 Africa stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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 Angola ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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