EU: Market for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel 2024

Market Size for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in the EU

In 2023, the EU market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a resilient increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in the EU

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel declined to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

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

Exports in the EU

In 2023, shipments abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel skyrocketed to $X in 2023. Overall, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Austria (X tons), distantly followed by Italy (X tons), Germany (X tons), Romania (X tons), Spain (X tons) and France (X tons) were the major exporters of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, together committing X% of total exports. The Netherlands (X tons) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. Romania, Spain, France and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Austria ($X per ton) and Germany ($X per ton), while Romania ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

For the third year in a row, the European Union recorded growth in overseas purchases of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, which increased by X% to X tons in 2023. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel surged to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, France (X tons), distantly followed by the Netherlands (X tons), Romania (X tons), Spain (X tons), Italy (X tons), Germany (X tons) and Hungary (X tons) were the largest importers of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, together making up X% of total imports. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Romania ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Germany, Hungary, Italy, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Spain, 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

The import price in the European Union stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. 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 hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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