Saudi Arabia: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2025

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Saudi Arabia

For the third year in a row, the Saudi market for line pipe of steel other than stainless steel for oil or gas pipelines recorded decline in sales value, which decreased by 99.9% to less than $X in 2022. In general, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Saudi Arabia

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Production of peaked in 2022 and is likely to continue growth in the near future.

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

Exports from Saudi Arabia

In 2022, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines increased by 13% to X tons for the first time since 2012, thus ending a nine-year declining trend. In general, exports, however, showed a deep setback. The exports peaked at X tons in 2012; however, from 2013 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 rose markedly to $X in 2022. Over the period under review, exports, however, faced a deep reduction. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Saudi Arabia, accounting for a 66% share of total exports. Moreover, exports of line pipe of steel other than stainless steel for oil or gas pipelines to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +129.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.3% per year) and India (-5.4% per year).

In value terms, China ($X) emerged as the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Saudi Arabia, comprising 64% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by India, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +110.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.6% per year) and India (-3.2% per year).

Export Prices by Country

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, reducing by -3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Italy ($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 the United Arab Emirates (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Saudi Arabia

In 2021, the amount of line pipe of steel other than stainless steel for oil or gas pipelines imported into Saudi Arabia fell significantly to X tons, dropping by -34.4% against the previous year. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2014 when imports increased by 90%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines reduced sharply to $X in 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 85%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Saudi Arabia, with a combined 86% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Germany ($X) constituted the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Saudi Arabia, together accounting for 77% of total imports.

Among the main suppliers, Germany, with a CAGR of +8.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, growing by 8.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 32% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform