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

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

The global market for seamless casing, tubing and drill oil or gas pipes of stainless steel surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

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

In value terms, production of seamless casing, tubing and drill oil or gas pipes of stainless steel expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, global production of growth failed to regain momentum.

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

Exports

In 2022, the amount of seamless casing, tubing and drill oil or gas pipes of stainless steel exported worldwide contracted to X tons, with a decrease of X% on the year before. Over the period under review, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The global exports peaked 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 skyrocketed to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The global exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Japan dominates steel structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), achieving a X% share of total exports. Argentina (X tons), Brazil (X tons), Singapore (X tons), the Netherlands (X tons), France (X tons), Germany (X tons) and China (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to seamless casing, tubing and drill oil or gas pipe of stainless steel exports from Japan stood at X%. At the same time, the Netherlands (X%), Brazil (X%), France (X%), Indonesia (X%), China (X%) and Argentina (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Brazil (X p.p.), the Netherlands (X p.p.), Argentina (X p.p.), France (X p.p.) and Japan (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (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, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

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

Imports

Global imports of seamless casing, tubing and drill oil or gas pipes of stainless steel soared to X tons in 2022, increasing by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Global imports peaked at X tons in 2020; however, from 2021 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 skyrocketed to $X in 2022. In general, total imports indicated perceptible 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Qatar (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), the United States (X tons), Indonesia (X tons), Norway (X tons) and Iraq (X tons) were the largest importers of seamless casing, tubing and drill oil or gas pipes of stainless steel, together making up X% of total imports. The following importers - China (X tons), Singapore (X tons), Algeria (X tons), the UK (X tons), Australia (X tons) and Russia (X tons) - together made up X% of total imports.

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

In value terms, the largest seamless casing, tubing and drill oil or gas pipe of stainless steel importing markets worldwide were Qatar ($X), the United Arab Emirates ($X) and the United States ($X), with a combined X% share of global imports. Algeria, Saudi Arabia, Iraq, Indonesia, Norway, China, Singapore, the UK, Australia and Russia lagged somewhat behind, together comprising a further X%.

Algeria, with a CAGR of X%, recorded the highest rates of growth with regard to 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 seamless casing, tubing and drill oil or gas pipes of stainless steel stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Global import price peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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