CIS: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in CIS

The CIS stainless steel seamless pipe market dropped to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a perceptible contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Stainless Steel Seamless Pipe For Oil And Gas in CIS

In value terms, stainless steel seamless pipe production declined to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in CIS

In 2022, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, stainless steel seamless pipe exports reached $X in 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2016 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X tons), mixing up an X% share of total exports. Russia (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to stainless steel seamless pipe exports from Kazakhstan stood at X%. At the same time, Uzbekistan (X,500.0%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X,500.0% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.), Kazakhstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Belarus ($X), Kazakhstan ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Uzbekistan lagged somewhat behind, accounting for a further X%.

In terms of the main exporting countries, Uzbekistan, with a CAGR of X.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in CIS

Stainless steel seamless pipe imports expanded rapidly to X tons in 2022, rising by X% on the year before. In general, imports posted a mild expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, stainless steel seamless pipe imports surged to $X in 2022. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan represented the major importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Russia (X tons), creating a X% share of total imports. Kyrgyzstan (X tons) and Uzbekistan (X tons) took a relatively small share of total imports.

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

In value terms, Russia ($X) constitutes the largest market for imported stainless steel seamless pipe for oil and gas in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, stainless steel seamless pipe imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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