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

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

The Europe stainless steel seamless pipe market expanded rapidly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a mild decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, stainless steel seamless pipe production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked 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 Europe

In 2022, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded 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 lower figure.

In value terms, stainless steel seamless pipe exports reduced modestly to $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced 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 somewhat lower figure.

Exports by Country

Italy (X tons), the UK (X tons), the Netherlands (X tons), Spain (X tons), Norway (X tons) and Bulgaria (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Belarus (X tons), committing a X% share of total exports. Greece (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (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 Europe were the Netherlands ($X), Italy ($X) and the UK ($X), with a combined X% share of total exports. Bulgaria, Norway, Belarus, Spain and Greece lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Bulgaria, with a CAGR of X%, recorded the highest growth rate of 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 Europe stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated notable 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 most prominent rate of growth was recorded 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 ($X per ton), while Greece ($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 Europe

In 2022, approx. X tons of stainless steel seamless pipe for oil and gas were imported in Europe; falling by X% against the previous year. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stainless steel seamless pipe imports reached $X in 2022. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Ireland (X tons), Russia (X tons), Italy (X tons), Belgium (X tons), the UK (X tons), France (X tons), Sweden (X tons), the Czech Republic (X tons), the Netherlands (X tons), Portugal (X tons), Spain (X tons) and Norway (X tons) represented roughly X% of total imports in 2022.

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

In value terms, Russia ($X), the UK ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 Europe stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated noticeable 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Ireland ($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 UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform