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

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

The Canadian stainless steel seamless pipe market stood at $X in 2022, picking up by X% against the previous year. In general, consumption posted a moderate increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, stainless steel seamless pipe production amounted to $X in 2022 estimated in export price. Overall, production posted a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Stainless steel seamless pipe production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Canada

In 2022, exports of stainless steel seamless pipe for oil and gas from Canada soared to X tons, increasing by X% compared with the year before. Over the period under review, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, stainless steel seamless pipe exports soared to $X in 2022. In general, exports recorded a temperate expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Italy (X tons) and Oman (X tons) were the main destinations of stainless steel seamless pipe exports from Canada, together accounting for X% of total exports. China, Cayman Islands and the Dominican Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) remains the key foreign market for stainless steel seamless pipe for oil and gas exports from Canada, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Canada

Stainless steel seamless pipe imports into Canada contracted to X tons in 2022, dropping by X% compared with the previous year's figure. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, stainless steel seamless pipe imports surged to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of stainless steel seamless pipe imports to Canada, together comprising X% of total imports.

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

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest stainless steel seamless pipe suppliers to Canada, together accounting for X% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, picking up by X% against the previous year. Overall, the import price, however, recorded a slight slump. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood 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 South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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