Italy: 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 Italy

In 2023, the Italian market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a deep contraction. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel dropped modestly to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2023, production of growth failed to regain momentum.

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

Exports from Italy

In 2023, shipments abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel soared to $X in 2023. Over the period under review, exports posted perceptible growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports of attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Kuwait (X tons) and Brazil (X tons) were the main destinations of exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel from Italy, together comprising X% of total exports. Iraq, Egypt, Qatar, the United Arab Emirates, Kazakhstan, Norway, Hungary, Cote d'Ivoire, Indonesia and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of X%), while 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 Italy were the United States ($X), Kuwait ($X) and Iraq ($X), with a combined X% share of total exports. Brazil, Egypt, Hungary, Qatar, Norway, Kazakhstan, the United Arab Emirates, Cote d'Ivoire, Indonesia and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, 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 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to the United Arab Emirates ($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 Cote d'Ivoire (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 Italy

In 2023, after two years of growth, there was decline in overseas purchases of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, when their volume decreased by X% to X tons. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel skyrocketed to $X in 2023. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Mexico (X tons) and Argentina (X tons) were the main suppliers of imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel to Italy, with a combined X% share of total imports.

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

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

From 2012 to 2023, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Argentina (X% per year).

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, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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