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

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

In 2022, the Mexican stainless steel seamless pipe market decreased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a prominent increase. Stainless steel seamless pipe consumption peaked at $X in 2021, and then dropped modestly in the following year.

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

In value terms, stainless steel seamless pipe production expanded slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Mexico

After two years of decline, overseas shipments of stainless steel seamless pipe for oil and gas decreased by X% to X tons in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, stainless steel seamless pipe exports dropped notably to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

India (X tons), Indonesia (X tons) and the Netherlands (X kg) were the main destinations of stainless steel seamless pipe exports from Mexico, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Indonesia ($X) and the Netherlands ($X) appeared to be the largest markets for stainless steel seamless pipe exported from Mexico worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, standing approx. at the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Malaysia ($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 Nicaragua (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 Mexico

In 2022, overseas purchases of stainless steel seamless pipe for oil and gas decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, stainless steel seamless pipe imports shrank rapidly to $X in 2022. Over the period under review, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest stainless steel seamless pipe supplier to Mexico, accounting for a X% share of total imports. Moreover, stainless steel seamless pipe imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of stainless steel seamless pipe for oil and gas to Mexico, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

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

Import Prices by Country

The average stainless steel seamless pipe import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat 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 the United States 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 a decline.

Source: IndexBox Platform

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