Asia: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Asia

In 2022, after three years of decline, there was significant growth in the Asian market for line pipe of steel other than stainless steel for oil or gas pipelines, when its value increased by X% to $X. In general, consumption showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Asia

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines shrank to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports in Asia

After four years of decline, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines increased by X% to X tons in 2022. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced downturn. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in pipelines structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), comprising a X% share of total exports. The following exporters - Japan (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Indonesia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to line pipe of steel other than stainless steel for oil or gas pipelines exports from China stood at X%. At the same time, the United Arab Emirates (X%) and India (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%), Saudi Arabia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), India (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.), Japan (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, exports of line pipe of steel other than stainless steel for oil or gas pipelines decreased by 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: India (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while China ($X per ton) was amongst the lowest.

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

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports in Asia

In 2022, after three years of decline, there was significant growth in supplies from abroad of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume increased by X% to X tons. In general, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Turkey (X tons), Indonesia (X tons), Kuwait (X tons), Thailand (X tons), Malaysia (X tons), South Korea (X tons) and Iran (X tons) represented the largest importers of line pipe of steel other than stainless steel for oil or gas pipelines, together constituting X% of total imports. Oman (X tons), Pakistan (X tons), Vietnam (X tons), Iraq (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines importing markets in Asia were the United Arab Emirates ($X), Kuwait ($X) and Turkey ($X), with a combined X% share of total imports.

Turkey, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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