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

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

In 2022, the Indonesian stainless steel seamless pipe market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a deep contraction. Stainless steel seamless pipe consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, stainless steel seamless pipe production contracted modestly to $X in 2022 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Indonesia

After two years of growth, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons in 2022. In general, exports, however, showed strong growth. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, stainless steel seamless pipe exports dropped remarkably to $X in 2022. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for stainless steel seamless pipe exports from Indonesia, with a X% share of total exports. Moreover, stainless steel seamless pipe exports to Singapore exceeded the volume sent to the second major destination, Timor-Leste (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and Mexico (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for stainless steel seamless pipe for oil and gas exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Mexico (X% per year).

Export Prices by Country

The average stainless steel seamless pipe export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Indonesia

In 2022, the amount of stainless steel seamless pipe for oil and gas imported into Indonesia contracted markedly to X tons, falling by X% on 2021. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel seamless pipe imports dropped to $X in 2022. Over the period under review, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest stainless steel seamless pipe supplier to Indonesia, accounting for a X% share of total imports. Moreover, stainless steel seamless pipe imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), eightfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel seamless pipe for oil and gas to Indonesia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average stainless steel seamless pipe import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a slight increase 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 2019 indices. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Taiwan (Chinese) ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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