Overview of the Global Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

In 2022, the global market for line pipe of steel other than stainless steel for oil or gas pipelines increased by X% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, recorded a tangible increase. Over the period under review, the global market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Global production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports

In 2022, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The global exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a pronounced slump. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates pipelines structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Italy (X tons), constituting a X% share of total exports. The following exporters - Brazil (X tons), Romania (X tons), India (X tons), Ukraine (X tons), Japan (X tons), Belarus (X tons), Germany (X tons), South Africa (X tons), the United Arab Emirates (X tons) and Russia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to line pipe of steel other than stainless steel for oil or gas pipelines exports from China stood at X%. At the same time, the United Arab Emirates (X%), India (X%), Belarus (X%), Brazil (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Romania (X%), South Africa (X%), Italy (X%), Russia (X%), Germany (X%) and Japan (X%) illustrated a downward trend over the same period. Brazil (X p.p.), India (X p.p.), Belarus (X p.p.), the United Arab Emirates (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the global exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Italy ($X), with an X% share of global exports. It was followed by Germany, with a X% share.

In China, exports of line pipe of steel other than stainless steel for oil or gas pipelines plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average export price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports

In 2022, after three years of decline, there was significant growth in supplies from abroad of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a noticeable downturn. Global imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Overall, imports, however, showed a pronounced decrease. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) and the United Arab Emirates (X tons) represented the major importers of line pipe of steel other than stainless steel for oil or gas pipelinesacross the globe, together committing X% of total imports. It was followed by Mauritania (X tons), creating a X% share of total imports. Turkey (X tons), Algeria (X tons), Indonesia (X tons), Kuwait (X tons), Thailand (X tons), Malaysia (X tons), South Korea (X tons), Canada (X tons), Nigeria (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mauritania (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines importing markets worldwide were the United States ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined X% share of global imports. Algeria, Turkey, Mauritania, Canada, Nigeria, Indonesia, South Korea, Malaysia, Thailand and Iran lagged somewhat behind, together accounting for a further X%.

Mauritania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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