Slovakia: 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 Slovakia

The Slovak market for line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022, with an increase of 184% against the previous year. Over the period under review, consumption, however, continues to indicate a precipitous curtailment. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines declined to $X in 2022 estimated in export price. Overall, production, however, recorded a precipitous slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Slovakia

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 5.6% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 43% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat 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, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines from Slovakia, with a combined 55% share of total exports. Croatia, the UK, France, Turkey and Spain lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +41.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for line pipe of steel other than stainless steel for oil or gas pipelines exported from Slovakia were Italy ($X), the United States ($X) and the Netherlands ($X), together comprising 55% of total exports. Croatia, the UK, France, Turkey and Spain lagged somewhat behind, together accounting for a further 34%.

Spain, with a CAGR of +46.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, picking up by 49% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for line pipe of steel other than stainless steel for oil or gas pipelines increased by +85.7% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Turkey ($X per ton), while the average price for exports to the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%), 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 Slovakia

In 2022, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines decreased by -22.5% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by 40%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 51%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Slovakia, accounting for a 50% share of total imports. Moreover, imports of line pipe of steel other than stainless steel for oil or gas pipelines from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Hungary (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.1% per year) and Hungary (-12.1% per year).

In value terms, the Czech Republic ($X), Germany ($X) and Hungary ($X) appeared to be the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Slovakia, together comprising 60% of total imports. France, Romania, Italy, Poland and China lagged somewhat behind, together accounting for a further 14%.

France, with a CAGR of +19.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, with an increase of 82% against the previous year. Overall, the import price showed a measured increase. The most prominent rate of growth was recorded in 2017 an increase of 99% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform