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

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

In 2022, the Israeli stainless steel seamless pipe market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, stainless steel seamless pipe production reached $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Israel

In 2022, the amount of stainless steel seamless pipe for oil and gas exported from Israel surged to X tons, picking up by X% against the previous year. Over the period under review, exports, however, showed a precipitous descent. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, stainless steel seamless pipe exports soared to $X in 2022. In general, exports, however, recorded a sharp downturn. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for stainless steel seamless pipe exports from Israel, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) also remains the key foreign market for stainless steel seamless pipe for oil and gas exports from Israel.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated a moderate expansion 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Israel

In 2022, imports of stainless steel seamless pipe for oil and gas into Israel skyrocketed to X tons, picking up by X% compared with the previous year's figure. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, stainless steel seamless pipe imports surged to $X in 2022. Overall, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest stainless steel seamless pipe supplier to Israel, accounting for a X% share of total imports. Moreover, stainless steel seamless pipe imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of stainless steel seamless pipe for oil and gas to Israel, comprising X% of total imports. The second position in the ranking was held by the United States ($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 Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (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, with an increase of X% against the previous year. Overall, import price indicated a moderate expansion 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 2015 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and South Korea ($X per ton), while the price for the Netherlands ($X per ton) and the United States ($X per ton) were 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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