Scandinavia: 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 Scandinavia

The Scandinavia market for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption recorded significant growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep setback. The growth pace was the most rapid in 2015 when the production volume increased by 3,300% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

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

Exports in Scandinavia

After two years of decline, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines increased by 268% to X tons in 2022. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 416% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Norway prevails in pipelines structure, reaching X tons, which was approx. 97% of total exports in 2022. Sweden (X tons) took a relatively small share of total exports.

Norway was also the fastest-growing in terms of the line pipe of steel other than stainless steel for oil or gas pipelines exports, with a CAGR of -5.9% from 2012 to 2022. Sweden (-9.8%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Scandinavia, comprising 93% of total exports. The second position in the ranking was held by Sweden ($X), with a 4.1% share of total exports.

In Norway, exports of line pipe of steel other than stainless steel for oil or gas pipelines plunged by an average annual rate of -8.0% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by -1.8% against the previous year. In general, the export price saw a mild curtailment. The growth pace was the most rapid in 2021 when the export price increased by 113% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Sweden ($X per ton), while Norway amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.2%).

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

Imports in Scandinavia

In 2022, the amount of line pipe of steel other than stainless steel for oil or gas pipelines imported in Scandinavia soared to X tons, picking up by 28% compared with the previous year. Overall, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of 218% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines declined rapidly to $X in 2022. In general, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 138%. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Norway prevails in pipelines structure, reaching X tons, which was near 91% of total imports in 2022. It was distantly followed by Sweden (X tons), mixing up a 6.6% share of total imports. Finland (X tons) took a minor share of total imports.

Imports into Norway decreased at an average annual rate of -3.8% from 2012 to 2022. Sweden (-2.2%) and Finland (-6.6%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported line pipe of steel other than stainless steel for oil or gas pipelines in Scandinavia, comprising 87% of total imports. The second position in the ranking was taken by Sweden ($X), with a 10% share of total imports.

In Norway, imports of line pipe of steel other than stainless steel for oil or gas pipelines decreased by an average annual rate of -10.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (-1.7% per year) and Finland (-4.9% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, reducing by -48.6% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 23% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped markedly in the following year.

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 Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform