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

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

The MERCOSUR stainless steel seamless pipe market expanded notably to $X in 2022, surging by X% against the previous year. The total consumption indicated a moderate expansion 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, stainless steel seamless pipe production totaled $X in 2022 estimated in export price. The total production indicated moderate 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in MERCOSUR

In 2022, stainless steel seamless pipe exports in MERCOSUR soared to X tons, growing by X% on the previous year's figure. Over the period under review, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, stainless steel seamless pipe exports soared to $X in 2022. Overall, exports, however, recorded a mild reduction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil was the main exporter of stainless steel seamless pipe for oil and gas in MERCOSUR, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Ecuador (X tons) ranks second in terms of the total exports with a X% share, followed by Peru (X%), Chile (X%) and Colombia (X%). Venezuela (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel seamless pipe exports from Brazil stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%), Ecuador (X%), Venezuela (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Peru and Venezuela increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest stainless steel seamless pipe supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Brazil, stainless steel seamless pipe exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price saw buoyant growth. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in MERCOSUR

In 2022, approx. X tons of stainless steel seamless pipe for oil and gas were imported in MERCOSUR; shrinking by X% on 2021 figures. In general, imports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, stainless steel seamless pipe imports surged to $X in 2022. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Suriname (X tons), Ecuador (X tons) and Colombia (X tons) represented the largest importer of stainless steel seamless pipe for oil and gas in MERCOSUR, constituting X% of total import. Brazil (X tons) ranks next in terms of the total imports with a X% share, followed by Peru (X%) and Guyana (X%). Chile (X tons) took a little share of total imports.

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

In value terms, Brazil ($X), Colombia ($X) and Ecuador ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Peru, Suriname, Chile and Guyana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Guyana, 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

In 2022, the import price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat 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 Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform