Asia: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2025

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

In 2022, after three years of decline, there was growth in the Asian market for line pipe of steel other than stainless steel for oil or gas pipelines, when its value increased by 1% to $X. Overall, consumption saw a deep downturn. The growth pace was the most rapid in 2018 when the market value increased by 5.4%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines declined to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, production of reached the maximum level 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 Asia

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 10% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines soared to $X in 2022. Overall, exports, however, saw a perceptible reduction. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in pipelines structure, resulting at X tons, which was approx. 83% of total exports in 2022. It was distantly followed by India (X tons), creating a 4.8% share of total exports. Japan (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -3.8% from 2012 to 2022. At the same time, India (+10.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.4% from 2012-2022. By contrast, Japan (-8.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and India increased by +6.6 and +3.7 percentage points, respectively.

In value terms, China ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Asia, comprising 78% of total exports. The second position in the ranking was held by India ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at -1.5%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+9.0% per year) and Japan (-10.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

In 2022, after three years of decline, there was significant growth in purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume increased by 13% to X tons. In general, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by 17%. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

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 deep setback. The pace of growth was the most pronounced in 2018 with an increase of 43%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Turkey (X tons), Thailand (X tons), South Korea (X tons), Malaysia (X tons), Kuwait (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) represented the major importers of line pipe of steel other than stainless steel for oil or gas pipelines, together committing 66% of total imports. Pakistan (X tons), Vietnam (X tons), Oman (X tons), Iraq (X tons) and Iran (X tons) followed a long way behind the leaders.

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 imports into the United Arab Emirates stood at -3.8%. At the same time, Turkey (+23.4%), Pakistan (+9.8%) and Thailand (+3.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of +23.4% from 2012-2022. By contrast, Kuwait (-2.7%), Taiwan (Chinese) (-2.7%), Oman (-5.0%), Vietnam (-5.3%), Malaysia (-5.8%), South Korea (-9.6%), Iran (-10.3%), Iraq (-10.5%) and Indonesia (-13.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Thailand, Pakistan and the United Arab Emirates increased by +9.6, +4.3, +2.8 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined 39% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +23.5%, saw the highest rates of growth with regard to 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 import price in Asia amounted to $X per ton, growing by 6.1% against the previous year. In general, the import price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by 22% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 South Korea ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform