Romania: 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 Romania

In 2023, the Romanian market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption showed a abrupt descent. Consumption of peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

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

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel contracted sharply to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2022, and then declined markedly in the following year.

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

Exports from Romania

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 third year in a row after two years of decline. Overall, exports, however, recorded a slight shrinkage. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

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 saw a perceptible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main destinations of exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel from Romania, with a combined X% share of total exports. Hungary, Saudi Arabia, Kazakhstan, Qatar, Ecuador, Poland, Canada and Kuwait 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 Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the United Arab Emirates ($X) and Hungary ($X) appeared to be the largest markets for seamless casing, tubing and drill oil or gas pipe of non-stainless steel exported from Romania worldwide, together comprising X% of total exports. Egypt, Saudi Arabia, Qatar, Kazakhstan, Ecuador, Poland, Canada and Kuwait lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Qatar, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average export price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. 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 2021 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 Poland ($X per ton), while the average price for exports to Kazakhstan ($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 the United States (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 Romania

In 2023, overseas purchases of seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat 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. Over the period under review, imports saw a perceptible increase. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (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 Romania were Italy ($X), Mexico ($X) and Argentina ($X), together comprising X% of total imports. China, Ukraine and Japan lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, jumping by X% against the previous year. In general, import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, 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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