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

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

The EU stainless steel seamless pipe market soared to $X in 2022, growing by X% against the previous year. The total consumption indicated measured growth 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, consumption increased by X% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Stainless Steel Seamless Pipe For Oil And Gas in the EU

In value terms, stainless steel seamless pipe production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in the EU

In 2022, exports of stainless steel seamless pipe for oil and gas in the European Union contracted dramatically to X tons, dropping by X% on 2021 figures. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel seamless pipe exports contracted sharply to $X in 2022. Over the period under review, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), the Netherlands (X tons), Spain (X tons) and Bulgaria (X tons) represented roughly X% of total exports in 2022. Greece (X tons), Ireland (X tons), Germany (X tons), Romania (X tons), Belgium (X tons), France (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel seamless pipe supplying countries in the European Union were the Netherlands ($X), Italy ($X) and Bulgaria ($X), with a combined X% share of total exports.

Bulgaria, 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 more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, approximately mirroring the previous year. Export price indicated temperate 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 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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 the Netherlands ($X per ton), while Ireland ($X per ton) was amongst the lowest.

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

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in the EU

In 2022, purchases abroad 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. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel seamless pipe imports totaled $X in 2022. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of stainless steel seamless pipe for oil and gas, namely Ireland, Italy and Belgium, represented more than third of total import. It was distantly followed by France (X tons), Sweden (X tons), the Czech Republic (X tons), the Netherlands (X tons), Portugal (X tons) and Spain (X tons), together mixing up a X% share of total imports.

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

In value terms, Italy ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. France, Ireland, Sweden, the Czech Republic, Portugal and Spain lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 the Netherlands ($X per ton), while Ireland ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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