Norway: 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 Norway

The Norwegian market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel skyrocketed to $X in 2023, with an increase of 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 continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

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

Exports from Norway

In 2023, approx. X tons of seamless casing, tubing and drill oil or gas pipes of non-stainless steel were exported from Norway; growing by X% compared with 2022 figures. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel soared to $X in 2023. Overall, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel from Norway, accounting for a X% share of total exports. Moreover, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel to the UK exceeded the volume sent to the second major destination, Germany (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel exports from Norway, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average export price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Norway

In 2023, approx. X tons of seamless casing, tubing and drill oil or gas pipes of non-stainless steel were imported into Norway; jumping by X% on 2022 figures. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2020; however, from 2021 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 soared to $X in 2023. In general, imports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Japan (X tons), Italy (X tons) and Mexico (X tons) were the main suppliers of imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel to Norway, together accounting for X% of total imports. Brazil, the UK, China and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel suppliers to Norway were Italy ($X), Japan ($X) and Mexico ($X), together accounting for X% of total imports. Brazil, the UK, Germany and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Brazil, 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

The average import price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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