Iran: 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 Iran

The Iranian market for seamless casing, tubing and drill oil or gas pipes of stainless steel skyrocketed to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded perceptible growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Iran

In 2022, after two years of growth, there was decline in shipments abroad of seamless casing, tubing and drill oil or gas pipes of stainless steel, when their volume decreased by X% to X tons. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of stainless steel declined modestly to $X in 2022. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of seamless casing, tubing and drill oil or gas pipes of stainless steel from Iran, accounting for a X% share of total exports. It was followed by Tajikistan (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for seamless casing, tubing and drill oil or gas pipes of stainless steel exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Tajikistan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%.

Export Prices by Country

The average export price for seamless casing, tubing and drill oil or gas pipes of stainless steel stood at $X per ton in 2022, falling by X% against the previous year. Overall, export price indicated a buoyant increase 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 seamless casing, tubing and drill oil or gas pipes of stainless steel increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Iran

In 2022, the amount of seamless casing, tubing and drill oil or gas pipes of stainless steel imported into Iran soared to X tons, picking up by X% against the year before. In general, imports recorded moderate growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 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 surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of seamless casing, tubing and drill oil or gas pipe of stainless steel to Iran, with a X% share of total imports. Moreover, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel from Singapore exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Japan (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Japan (X% per year).

In value terms, Singapore ($X) constituted the largest supplier of seamless casing, tubing and drill oil or gas pipes of stainless steel to Iran, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average import price for seamless casing, tubing and drill oil or gas pipes of stainless steel amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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