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

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

The South Asian stainless steel seamless pipe market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Southern Asia

In value terms, stainless steel seamless pipe production rose modestly to $X in 2022 estimated in export price. Overall, production showed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in Southern Asia

In 2022, after three years of decline, there was significant growth in shipments abroad of stainless steel seamless pipe for oil and gas, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel seamless pipe exports surged to $X in 2022. Over the period under review, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Pakistan (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel seamless pipe exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by X percentage points.

In value terms, India ($X) remains the largest stainless steel seamless pipe supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel seamless pipe export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in Southern Asia

In 2022, stainless steel seamless pipe imports in Southern Asia shrank to X tons, reducing by X% on the year before. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, stainless steel seamless pipe imports stood at $X in 2022. In general, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), mixing up an X% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to stainless steel seamless pipe imports into India stood at X%. Pakistan experienced a relatively flat trend pattern. Bangladesh (X%) illustrated a downward trend over the same period. India (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported stainless steel seamless pipe for oil and gas in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel seamless pipe import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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