Asia-Pacific: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Asia-Pacific

The Asia-Pacific stainless steel seamless pipe market rose significantly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Asia-Pacific

In value terms, stainless steel seamless pipe production stood at $X in 2022 estimated in export price. 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 most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in Asia-Pacific

In 2022, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel seamless pipe exports expanded significantly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the major exporter of stainless steel seamless pipe for oil and gas, constituting X% of total exports. It was distantly followed by India (X tons), Singapore (X tons), South Korea (X tons), Malaysia (X tons) and Thailand (X tons), together creating a X% share of total exports. Indonesia (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the stainless steel seamless pipe for oil and gas exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, South Korea (X%), Malaysia (X%), India (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Thailand and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and India ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price 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, stainless steel seamless pipe export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in Asia-Pacific

In 2022, overseas purchases of stainless steel seamless pipe for oil and gas increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a abrupt contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stainless steel seamless pipe imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons), Malaysia (X tons), Singapore (X tons), India (X tons) and Indonesia (X tons) was the largest importer of stainless steel seamless pipe for oil and gas in Asia-Pacific, creating X% of total import. Vietnam (X tons), New Zealand (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by New Zealand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and India ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Indonesia, Singapore, China, Vietnam and New Zealand lagged somewhat behind, together accounting for a further X%.

New Zealand, with a CAGR of X%, saw 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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