Asia-Pacific: 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-Pacific

The Asia-Pacific market for line pipe of steel other than stainless steel for oil or gas pipelines dropped to $X in 2022, declining by -4.6% against the previous year. In general, consumption saw a deep setback. The most prominent rate of growth was recorded in 2021 when the market value increased by 4.3%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines fell to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 22% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia-Pacific

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 after two years of decline. Over the period under review, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 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 surged to $X in 2022. Overall, exports, however, continue to indicate a perceptible decline. Over the period under review, the exports of reached 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. 85% of total exports in 2022. India (X tons) ranks second in terms of the total exports with a 4.9% share, followed by Japan (4.5%).

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 -3.8%. At the same time, India (+10.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.4% from 2012-2022. By contrast, Japan (-8.8%) illustrated a downward trend over the same period. China (+7.6 p.p.) and India (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -2.5% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Asia-Pacific, comprising 80% of total exports. The second position in the ranking was held by India ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -1.5%. In the other countries, the average annual rates were as follows: India (+9.0% per year) and Japan (-10.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, surging by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the export price increased by 32% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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-Pacific

For the fourth year in a row, Asia-Pacific recorded decline in overseas purchases of line pipe of steel other than stainless steel for oil or gas pipelines, which decreased by -2% to X tons in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 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 rose to $X in 2022. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 36%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of imports of line pipe of steel other than stainless steel for oil or gas pipelines in 2022 were Thailand (X tons), South Korea (X tons), Malaysia (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Pakistan (X tons), Vietnam (X tons), Singapore (X tons) and the Philippines (X tons), together resulting at 85% of total import.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +9.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines importing markets in Asia-Pacific were South Korea ($X), Thailand ($X) and Malaysia ($X), with a combined 41% share of total imports. Indonesia, Singapore, Vietnam, Taiwan (Chinese), Pakistan and the Philippines lagged somewhat behind, together comprising a further 42%.

Pakistan, with a CAGR of +10.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 3.7% against the previous year. Overall, the import price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by 11%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform