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

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

The Australian stainless steel seamless pipe market fell to $X in 2022, waning by X% against the previous year. In general, consumption showed a slight reduction. Stainless steel seamless pipe consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, stainless steel seamless pipe production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Stainless steel seamless pipe production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Australia

In 2022, the amount of stainless steel seamless pipe for oil and gas exported from Australia dropped significantly to X tons, falling by X% on the previous year's figure. In general, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, stainless steel seamless pipe exports skyrocketed to $X in 2022. Over the period under review, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for stainless steel seamless pipe exports from Australia, with a X% share of total exports. Moreover, stainless steel seamless pipe exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X tons), more than tenfold. The third position in this ranking was taken by New Caledonia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and New Caledonia (X% per year).

In value terms, Papua New Guinea ($X) emerged as the key foreign market for stainless steel seamless pipe for oil and gas exports from Australia, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports. It was followed by New Caledonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Papua New Guinea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and New Caledonia (X% per year).

Export Prices by Country

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, 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 New Caledonia ($X per ton), while the average price for exports to Papua New Guinea ($X 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 New Caledonia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Australia

In 2022, supplies from abroad of stainless steel seamless pipe for oil and gas increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained 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 surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Belize (X tons) and Italy (X tons) were the main suppliers of stainless steel seamless pipe imports to Australia, together accounting for X% of total imports. Brazil, the UK, Japan, South Korea and Singapore lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), the UK ($X) and Japan ($X) appeared to be the largest stainless steel seamless pipe suppliers to Australia, together comprising X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average stainless steel seamless pipe import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 the UK ($X per ton), while the price for Belize ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :