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

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

The East European stainless steel seamless pipe market declined to $X in 2022, falling by X% against the previous year. In general, consumption showed a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Eastern Europe

In value terms, stainless steel seamless pipe production reduced to $X in 2022 estimated in export price. Overall, production showed a pronounced slump. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in Eastern Europe

Stainless steel seamless pipe exports fell markedly to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel seamless pipe exports dropped notably to $X in 2022. In general, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

In 2022, Bulgaria (X tons) was the largest exporter of stainless steel seamless pipe for oil and gas, creating X% of total exports. Belarus (X tons) ranks second in terms of the total exports with a X% share, followed by Russia (X%) and Romania (X%). The following exporters - the Czech Republic (X tons) and Poland (X tons) - each accounted for an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel seamless pipe supplying countries in Eastern Europe were Bulgaria ($X), Belarus ($X) and the Czech Republic ($X), with a combined X% share of total exports.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The export price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in Eastern Europe

In 2022, imports of stainless steel seamless pipe for oil and gas in Eastern Europe contracted significantly to X tons, falling by X% on 2021 figures. Overall, imports, however, recorded a temperate increase. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, stainless steel seamless pipe imports soared to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Russia represented the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by the Czech Republic (X tons), Hungary (X tons), Poland (X tons), Romania (X tons) and Bulgaria (X tons), together creating a X% share of total imports.

Russia was also the fastest-growing in terms of the stainless steel seamless pipe for oil and gas imports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%), Bulgaria (X%) and the Czech Republic (X%) displayed positive paces of growth. Hungary and Poland experienced a relatively flat trend pattern. While the share of Russia (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.), Hungary (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, stainless steel seamless pipe imports increased at an average annual rate of X% over the period from 2012-2022. 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, rising by X% against the previous year. Overall, the import price posted a tangible expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 ($X per ton), while Bulgaria ($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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