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

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

In 2022, the Central Asian stainless steel seamless pipe market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Central Asia

In value terms, stainless steel seamless pipe production expanded to $X in 2022 estimated in export price. In general, production posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of 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 in Central Asia

In 2022, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, stainless steel seamless pipe exports rose rapidly to $X in 2022. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to stainless steel seamless pipe exports from Kazakhstan stood at X%. At the same time, Uzbekistan (X,500.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X,500.0% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

In value terms, Kazakhstan ($X) remains the largest stainless steel seamless pipe supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, stainless steel seamless pipe exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in Central Asia

In 2022, the amount of stainless steel seamless pipe for oil and gas imported in Central Asia skyrocketed to X tons, increasing by X% against the previous year's figure. In general, imports, however, showed a slight slump. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, stainless steel seamless pipe imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Kyrgyzstan (X tons) and Mongolia (X tons), together constituting a X% share of total imports. Uzbekistan (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel seamless pipe imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Mongolia (X%) illustrated a downward trend over the same period. Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported stainless steel seamless pipe for oil and gas in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Mongolia ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Kazakhstan, stainless steel seamless pipe imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2020; however, from 2021 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 Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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