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

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

The Azerbaijani market for seamless casing, tubing and drill oil or gas pipes of stainless steel fell remarkably to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

Exports from Azerbaijan

Exports of seamless casing, tubing and drill oil or gas pipes of stainless steel from Azerbaijan skyrocketed to X tons in 2022, increasing by X% compared with the previous year's figure. In general, exports saw a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of stainless steel soared to $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for exports of seamless casing, tubing and drill oil or gas pipes of stainless steel from Azerbaijan, with a X% share of total exports. Moreover, exports of seamless casing, tubing and drill oil or gas pipes of stainless steel to Kazakhstan exceeded the volume sent to the second major destination, Oman (X tons), twofold. The third position in this ranking was taken by Georgia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Georgia (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for seamless casing, tubing and drill oil or gas pipes of stainless steel exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by Georgia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Georgia (X% per year).

Export Prices by Country

In 2022, the average export price for seamless casing, tubing and drill oil or gas pipes of stainless steel amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Georgia ($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 Kazakhstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Azerbaijan

In 2022, approx. X tons of seamless casing, tubing and drill oil or gas pipes of stainless steel were imported into Azerbaijan; which is down by X% compared with 2021 figures. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel declined notably to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest seamless casing, tubing and drill oil or gas pipe of stainless steel supplier to Azerbaijan, with a X% share of total imports. Moreover, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

Import Prices by Country

The average import price for seamless casing, tubing and drill oil or gas pipes of stainless steel stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 Netherlands ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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