Northern America: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Northern America

After two years of decline, the North American market for line pipe of steel other than stainless steel for oil or gas pipelines increased by 27% to $X in 2022. Over the period under review, consumption, however, saw a abrupt downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Northern America

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports in Northern America

In 2022, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines increased by 37% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 48%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines soared to $X in 2022. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 83%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, the United States (X tons) was the largest exporter of line pipe of steel other than stainless steel for oil or gas pipelines, generating 77% of total exports. It was distantly followed by Canada (X tons), creating a 23% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to line pipe of steel other than stainless steel for oil or gas pipelines exports from the United States stood at -11.7%. At the same time, Canada (+4.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.7% from 2012-2022. Canada (+17 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -17.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Northern America, comprising 80% of total exports. The second position in the ranking was taken by Canada ($X), with a 20% share of total exports.

In the United States, exports of line pipe of steel other than stainless steel for oil or gas pipelines contracted by an average annual rate of -11.4% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by 19% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.7%).

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports in Northern America

In 2022, after three years of decline, there was significant growth in supplies from abroad of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume increased by 96% to X tons. Over the period under review, imports, however, continue to indicate a noticeable slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a noticeable setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) represented the largest importer of line pipe of steel other than stainless steel for oil or gas pipelines, committing 80% of total imports. It was distantly followed by Canada (X tons), generating a 20% share of total imports.

The United States was also the fastest-growing in terms of the line pipe of steel other than stainless steel for oil or gas pipelines imports, with a CAGR of -4.2% from 2012 to 2022. Canada (-5.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +2.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported line pipe of steel other than stainless steel for oil or gas pipelines in Northern America, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to -3.5%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 49% against the previous year. Over the period under review, the import price saw a modest increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%).

Source: IndexBox Platform