Benelux: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

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

The Benelux market for line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, showed a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 53%. The level of production peaked 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 Benelux

In 2022, approx. X tons of line pipe of steel other than stainless steel for oil or gas pipelines were exported in Benelux; therefore, remained relatively stable against the previous year's figure. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 11% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 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. Over the period under review, exports, however, saw a drastic downturn. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X tons) represented the key exporter of line pipe of steel other than stainless steel for oil or gas pipelines, mixing up 81% of total exports. It was distantly followed by Belgium (X tons), committing a 19% share of total exports.

The Netherlands was also the fastest-growing in terms of the line pipe of steel other than stainless steel for oil or gas pipelines exports, with a CAGR of -6.8% from 2012 to 2022. Belgium (-17.6%) illustrated a downward trend over the same period. The Netherlands (+26 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -25.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Benelux, comprising 79% of total exports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to -7.4%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by 16% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%).

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

Imports in Benelux

In 2022, overseas purchases of line pipe of steel other than stainless steel for oil or gas pipelines were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. The volume of import peaked 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 surged to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by 19%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) was the main importer of line pipe of steel other than stainless steel for oil or gas pipelines in Benelux, creating 100% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of -9.4%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, the Netherlands, with a CAGR of -11.1%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%).

Source: IndexBox Platform