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

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

The Iranian stainless steel seamless pipe market surged to $X in 2022, jumping 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). Over the period under review, consumption, however, faced a drastic downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Iran

In 2022, stainless steel seamless pipe exports from Iran skyrocketed to X tons, picking up by X% on the previous year's figure. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, stainless steel seamless pipe exports surged to $X in 2022. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for stainless steel seamless pipe exports from Iran, with a X% share of total exports. Moreover, stainless steel seamless pipe exports to Afghanistan exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for stainless steel seamless pipe exported from Iran were Iraq ($X), Italy ($X) and Afghanistan ($X), with a combined X% share of total exports.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average stainless steel seamless pipe export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate temperate growth. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

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Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Iran

In 2022, approx. X tons of stainless steel seamless pipe for oil and gas were imported into Iran; rising by X% against the year before. Over the period under review, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel seamless pipe imports soared to $X in 2022. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), the United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of stainless steel seamless pipe imports to Iran, together accounting for X% of total imports. Hong Kong SAR, China, Italy, South Korea and Kazakhstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and China ($X) constituted the largest stainless steel seamless pipe suppliers to Iran, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw 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

In 2022, the average stainless steel seamless pipe import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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