Angola: Market for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel 2024

Market Size for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in Angola

In 2023, after two years of growth, there was significant decline in the Angolan market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel, when its value decreased by X% to $X. Overall, consumption saw a abrupt downturn. Consumption of peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Exports of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

Exports from Angola

In 2023, approx. X tons of seamless casing, tubing and drill oil or gas pipes of non-stainless steel were exported from Angola; which is down by X% on 2022 figures. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel reduced notably to $X in 2023. In general, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel from Angola, with a X% share of total exports. Moreover, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel to Nigeria exceeded the volume sent to the second major destination, Singapore (X tons), twofold. The third position in this ranking was held by Namibia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Namibia (X% per year).

In value terms, Singapore ($X) remains the key foreign market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel exports from Angola, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the average export price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

Imports into Angola

In 2023, after two years of growth, there was significant decline in supplies from abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, when their volume decreased by X% to X tons. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2022 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel shrank notably to $X in 2023. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of seamless casing, tubing and drill oil or gas pipe of non-stainless steel to Angola, with a X% share of total imports. Moreover, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. Equatorial Guinea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Equatorial Guinea (X% per year).

In value terms, the United States ($X) constituted the largest supplier of seamless casing, tubing and drill oil or gas pipes of non-stainless steel to Angola, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2023, the average import price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Equatorial Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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