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

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

In 2022, the Romanian stainless steel seamless pipe market decreased by X% to $X, falling for the fifth year in a row after two years of growth. Over the period under review, consumption, however, enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

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

In value terms, stainless steel seamless pipe production contracted notably to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then dropped significantly in the following year.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Romania

In 2022, the amount of stainless steel seamless pipe for oil and gas exported from Romania soared to X tons, picking up by X% on the previous year's figure. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, stainless steel seamless pipe exports surged to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for stainless steel seamless pipe exports from Romania, with a X% share of total exports. Moreover, stainless steel seamless pipe exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Hungary (X% per year).

In value terms, Belgium ($X) remains the key foreign market for stainless steel seamless pipe for oil and gas exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price saw a slight slump. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Romania

In 2022, supplies from abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, stainless steel seamless pipe imports dropped to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of stainless steel seamless pipe to Romania, accounting for a X% share of total imports. Moreover, stainless steel seamless pipe imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of stainless steel seamless pipe for oil and gas to Romania, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and the Czech Republic (X% per year).

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. Over the period under review, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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