Eastern Europe: 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 Eastern Europe

The East European market for line pipe of steel other than stainless steel for oil or gas pipelines shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines soared to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in Eastern Europe

In 2022, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a mild contraction. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

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, showed a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of line pipe of steel other than stainless steel for oil or gas pipelines, namely Romania, Ukraine and Belarus, represented more than two-thirds of total export. Russia (X tons) took the next position in the ranking, followed by the Czech Republic (X tons) and Slovakia (X tons). All these countries together held approx. X% share of total exports. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Romania ($X), Ukraine ($X) and Belarus ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price 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, export price for line pipe of steel other than stainless steel for oil or gas pipelines increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

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

Imports in Eastern Europe

In 2022, the amount of line pipe of steel other than stainless steel for oil or gas pipelines imported in Eastern Europe expanded modestly to X tons, picking up by X% compared with the previous year. Over the period under review, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines expanded sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the key importer of line pipe of steel other than stainless steel for oil or gas pipelines, constituting X% of total imports. It was distantly followed by Romania (X tons) and Poland (X tons), together creating a X% share of total imports. The Czech Republic (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Romania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported line pipe of steel other than stainless steel for oil or gas pipelines in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Romania (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 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 the Czech Republic ($X per ton), while Russia ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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