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

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

The Japanese stainless steel seamless pipe market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a slight reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Japan

In value terms, stainless steel seamless pipe production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Stainless steel seamless pipe production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Japan

In 2022, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stainless steel seamless pipe exports expanded remarkably to $X in 2022. Over the period under review, exports saw a significant decline. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for stainless steel seamless pipe exports from Japan, accounting for a X% share of total exports. Moreover, stainless steel seamless pipe exports to Saudi Arabia exceeded the volume sent to the second major destination, China (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, Saudi Arabia ($X), China ($X) and the United States ($X) constituted the largest markets for stainless steel seamless pipe exported from Japan worldwide, with a combined X% share of total exports. Indonesia, Ireland, Bahrain, Macao SAR, Sweden, Taiwan (Chinese), the Philippines, Singapore and the UK lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, saw 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

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a significant increase. 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 Ireland ($X per ton), while the average price for exports to the UK ($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 Macao SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Japan

In 2022, supplies from abroad of stainless steel seamless pipe for oil and gas increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, stainless steel seamless pipe imports soared to $X in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

South Korea (X tons) and China (X tons) were the main suppliers of stainless steel seamless pipe imports to Japan.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%).

In value terms, China ($X) and South Korea ($X) were the largest stainless steel seamless pipe suppliers to Japan.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average stainless steel seamless pipe import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for South Korea stood at $X per ton.

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

Source: IndexBox Platform

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