ASEAN: 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 ASEAN

In 2023, the ASEAN market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in ASEAN

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel reduced markedly to $X in 2023 estimated in export price. Overall, production, however, faced a deep contraction. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production of growth remained at a lower figure.

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

Exports in ASEAN

In 2023, shipments abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a perceptible decline. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel surged to $X in 2023. Overall, exports, however, showed a deep contraction. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Thailand (X tons) represented the main exporter of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, comprising X% of total exports. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%).

Thailand was also the fastest-growing in terms of the seamless casing, tubing and drill oil or gas pipes of non-stainless steel exports, with a CAGR of X% from 2012 to 2023. Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand increased by X percentage points.

In value terms, Thailand ($X) emerged as the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

In Thailand, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in ASEAN

In 2023, purchases abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel reduced remarkably to $X in 2023. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Thailand (X tons), Indonesia (X tons) and Singapore (X tons) was the main importer of seamless casing, tubing and drill oil or gas pipes of non-stainless steel in ASEAN, committing X% of total import. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together mixing up a X% share of total imports. The following importers - Myanmar (X tons) and Lao People's Democratic Republic (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Malaysia, Vietnam, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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