Eastern Europe: 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 Eastern Europe

The East European market for seamless casing, tubing and drill oil or gas pipes of stainless steel expanded markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Stainless Steel in Eastern Europe

In value terms, production of seamless casing, tubing and drill oil or gas pipes of stainless steel skyrocketed to $X in 2022 estimated in export price. In general, production faced a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas shipments of seamless casing, tubing and drill oil or gas pipes of stainless steel, which increased by X% to X tons in 2022. Overall, exports, however, faced a deep downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of stainless steel soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) was the major exporter of seamless casing, tubing and drill oil or gas pipes of stainless steel, committing X% of total exports. Romania (X tons) held the second position in the ranking, followed by Poland (X tons). All these countries together took near X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Romania and Poland increased by X and X percentage points, respectively.

In value terms, the largest seamless casing, tubing and drill oil or gas pipe of stainless steel supplying countries in Eastern Europe were Poland ($X), Romania ($X) and Russia ($X), with a combined X% share of total exports.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Europe

In 2022, the amount of seamless casing, tubing and drill oil or gas pipes of stainless steel imported in Eastern Europe rose sharply to X tons, growing by X% compared with 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 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 rose significantly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Russia was the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Hungary (X tons), Poland (X tons) and Belarus (X tons), together mixing up a X% share of total imports. The following importers - Ukraine (X tons) and Romania (X tons) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Ukraine (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%), Poland (X%) and Romania (X%) illustrated a downward trend over the same period. Russia (X p.p.), Ukraine (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while Romania, Belarus and Poland saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported seamless casing, tubing and drill oil or gas pipes of stainless steel in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with an X% share of total imports. It was followed by Ukraine, with a X% share.

In Russia, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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