Turkey: 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 Turkey

The Turkish market for seamless casing, tubing and drill oil or gas pipes of stainless steel skyrocketed to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a sharp descent. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Turkey

In 2022, approx. X tons of seamless casing, tubing and drill oil or gas pipes of stainless steel were exported from Turkey; jumping by X% on 2021. Overall, exports, however, continue to indicate a perceptible shrinkage. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 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 surged to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Iraq (X tons), the United Arab Emirates (X tons) and Cyprus (X tons) were the main destinations of exports of seamless casing, tubing and drill oil or gas pipes of stainless steel from Turkey, together comprising X% of total exports. Egypt, Germany, Norway, France, Syrian Arab Republic, Russia, Azerbaijan, Georgia, Morocco and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for seamless casing, tubing and drill oil or gas pipes of stainless steel exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Cyprus (X% per year).

Export Prices by Country

In 2022, the average export price for seamless casing, tubing and drill oil or gas pipes of stainless steel amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a noticeable descent. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to France ($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 Georgia (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 Stainless Steel

Imports into Turkey

Imports of seamless casing, tubing and drill oil or gas pipes of stainless steel into Turkey surged to X tons in 2022, increasing by X% compared with the previous year. In general, imports, however, faced a precipitous shrinkage. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel soared to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest seamless casing, tubing and drill oil or gas pipe of stainless steel supplier to Turkey, accounting for a X% share of total imports. Moreover, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Belarus (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belarus (X% per year).

In value terms, the largest seamless casing, tubing and drill oil or gas pipe of stainless steel suppliers to Turkey were China ($X), Germany ($X) and France ($X), together comprising X% of total imports.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, reducing by X% against the previous year. Overall, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

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

Source: IndexBox Platform

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