Indonesia: 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 Indonesia

In 2023, after two years of growth, there was decline in the Indonesian market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a abrupt shrinkage. Consumption of peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

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

Exports from Indonesia

After two years of decline, shipments abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% to X tons in 2023. In general, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked 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 shrank to $X in 2023. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Kuwait (X tons) and Singapore (X tons) were the main destinations of exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel from Indonesia, with a combined X% share of total exports. Myanmar, Thailand, Malaysia, the United States and Australia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for seamless casing, tubing and drill oil or gas pipe of non-stainless steel exported from Indonesia were the United Arab Emirates ($X), Singapore ($X) and Myanmar ($X), with a combined X% share of total exports. Kuwait, Thailand, Malaysia, the United States and Australia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the average export price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, posted measured growth. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Indonesia

In 2023, overseas purchases of seamless casing, tubing and drill oil or gas pipes of non-stainless steel were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel rose sharply to $X in 2023. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel supplier to Indonesia, with a X% share of total imports. Moreover, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) appeared to be the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel suppliers to Indonesia, with a combined X% share of total imports. Malaysia, Italy, Singapore, Brazil, Argentina and France lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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