South Africa: Market for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Stainless Steel 2024

Market Size for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Stainless Steel in South Africa

After two years of growth, the South African market for seamless casing, tubing and drill oil or gas pipes of stainless steel decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Stainless Steel in South Africa

In value terms, production of seamless casing, tubing and drill oil or gas pipes of stainless steel skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a deep reduction. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from South Africa

In 2022, approx. X tons of seamless casing, tubing and drill oil or gas pipes of stainless steel were exported from South Africa; growing by X% against 2021 figures. In general, exports recorded modest growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of stainless steel soared to $X in 2022. Over the period under review, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for exports of seamless casing, tubing and drill oil or gas pipes of stainless steel from South Africa, with a X% share of total exports. Moreover, exports of seamless casing, tubing and drill oil or gas pipes of stainless steel to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. The third position in this ranking was taken by Namibia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Zambia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Namibia (X% per year).

In value terms, Zambia ($X) remains the key foreign market for seamless casing, tubing and drill oil or gas pipes of stainless steel exports from South Africa, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Zambia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Ghana (X% per year).

Export Prices by Country

The average export price for seamless casing, tubing and drill oil or gas pipes of stainless steel stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, showed a perceptible downturn. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Imports into South Africa

In 2022, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel into South Africa fell remarkably to X tons, waning by X% against the year before. In general, imports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel dropped rapidly to $X in 2022. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Namibia (X tons) and the Netherlands (X kg) were the main suppliers of imports of seamless casing, tubing and drill oil or gas pipes of stainless steel to South Africa, with a combined X% share of total imports.

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%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of seamless casing, tubing and drill oil or gas pipes of stainless steel to South Africa, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average import price for seamless casing, tubing and drill oil or gas pipes of stainless steel amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Namibia ($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 Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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