Overview of the Global Market for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

Market Size for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

The global market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel rose remarkably to $X in 2023, surging by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X%. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

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

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel dropped slightly to $X in 2023 estimated in export price. In general, production, however, saw a mild decline. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production of hit record highs 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

After two years of growth, shipments abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to X tons in 2023. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports of attained the peak figure at X tons in 2012; however, from 2013 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 rose notably to $X in 2023. In general, exports saw a noticeable slump. The growth pace was the most rapid in 2022 with an increase of X%. The global exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

China was the main exporting country with an export of around X tons, which reached X% of total exports. Japan (X tons) took the second position in the ranking, followed by Austria (X tons) and Thailand (X tons). All these countries together held near X% share of total exports. The following exporters - Brazil (X tons), Mexico (X tons), Italy (X tons), Canada (X tons), Germany (X tons), the United States (X tons), Romania (X tons) and Kazakhstan (X tons) - together made up X% of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%), Thailand (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Italy experienced a relatively flat trend pattern. By contrast, Austria (X%), Romania (X%), Japan (X%), Canada (X%), Mexico (X%), the United States (X%) and Germany (X%) illustrated a downward trend over the same period. China (X p.p.), Thailand (X p.p.), Brazil (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the global exports, while the United States, Germany and Mexico saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with a X% share of global exports. It was followed by Austria, with an X% share.

In China, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Austria (X% per year).

Export Prices by Country

The average export price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The global export price peaked at $X per ton in 2013; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2023, purchases abroad of seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, global imports of reached the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel rose remarkably to $X in 2023. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, global imports of attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United States (X tons) was the major importer of seamless casing, tubing and drill oil or gas pipes of non-stainless steel, generating X% of total imports. Canada (X tons) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and Oman (X%). The following importers - Algeria (X tons), Norway (X tons), Turkey (X tons), the United Arab Emirates (X tons), Thailand (X tons), Uzbekistan (X tons), Australia (X tons), Egypt (X tons) and Indonesia (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to seamless casing, tubing and drill oil or gas pipe of non-stainless steel imports into the United States stood at X%. At the same time, Uzbekistan (X%), Egypt (X%), Turkey (X%), Algeria (X%), Norway (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Canada (X%), Australia (X%), Oman (X%), Thailand (X%), the United Arab Emirates (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), the United States (X p.p.), Algeria (X p.p.), Turkey (X p.p.), Uzbekistan (X p.p.), Norway (X p.p.), Egypt (X p.p.) and Canada (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported seamless casing, tubing and drill oil or gas pipes of non-stainless steel worldwide, comprising X% of global imports. The second position in the ranking was taken by Canada ($X), with a X% share of global imports. It was followed by Norway, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Norway (X% per year).

Import Prices by Country

The average import price for seamless casing, tubing and drill oil or gas pipes of non-stainless steel stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. Global import price peaked at $X per ton in 2014; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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