Southern Asia: 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 Southern Asia

The South Asian market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel contracted sharply to $X in 2023, which is down by X% against the previous year. In general, consumption faced a abrupt shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

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

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel fell significantly to $X in 2023 estimated in export price. Overall, production saw a sharp reduction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

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

Exports in Southern Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, when their volume decreased by X% to X tons. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 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 shrank notably to $X in 2023. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the seamless casing, tubing and drill oil or gas pipes of non-stainless steel exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel supplier in Southern Asia.

In India, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a pronounced 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. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

After two years of growth, purchases abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to X tons in 2023. In general, imports showed a noticeable setback. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 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 reduced remarkably to $X in 2023. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Pakistan (X tons) and India (X tons) prevails in steel structure, together creating X% of total imports. Bangladesh (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), together comprising X% of total imports.

Among the main importing countries, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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