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

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

The Turkish stainless steel seamless pipe market rose sharply to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs 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 Turkey

In value terms, stainless steel seamless pipe production soared to $X in 2022 estimated in export price. Overall, production posted a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Turkey

In 2022, overseas shipments of stainless steel seamless pipe for oil and gas increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports, however, showed a drastic downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, stainless steel seamless pipe exports surged to $X in 2022. In general, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco (X tons), Kyrgyzstan (X tons) and Cyprus (X tons) were the main destinations of stainless steel seamless pipe exports from Turkey, together accounting for X% of total exports.

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

In value terms, Morocco ($X) emerged as the key foreign market for stainless steel seamless pipe for oil and gas exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Morocco ($X per ton), while the average price for exports to Cyprus ($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 Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Turkey

After two years of growth, supplies from abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons in 2022. Over the period under review, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel seamless pipe imports dropped notably to $X in 2022. Overall, imports faced a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest stainless steel seamless pipe supplier to Turkey, accounting for a X% share of total imports. Moreover, stainless steel seamless pipe imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average stainless steel seamless pipe import price amounted to $X per ton, rising by X% against the previous year. In general, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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