Southern Asia: 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 Southern Asia

The South Asian market for line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022, rising by 23% against the previous year. Overall, consumption recorded a abrupt contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines dropped to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The growth pace was the most rapid in 2014 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Southern Asia

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 60% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 245% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 143%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together finishing at 99.9% of total export.

India 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 +10.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier in Southern Asia.

In India, exports of line pipe of steel other than stainless steel for oil or gas pipelines expanded at an average annual rate of +9.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by 43% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.2% per year.

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

Imports in Southern Asia

After two years of decline, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 8.1% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 103%. The volume of import peaked at X tons in 2019; however, from 2020 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 fell to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 136%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X tons) represented the key importer of line pipe of steel other than stainless steel for oil or gas pipelines, mixing up 57% of total imports. India (X tons) took a 27% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (14%).

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 imports into Pakistan stood at +9.8%. At the same time, Bangladesh (+13.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.4% from 2012-2022. By contrast, India (-9.9%) illustrated a downward trend over the same period. Pakistan (+36 p.p.) and Bangladesh (+9.9 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -46.3% from 2012 to 2022, respectively.

In value terms, Pakistan ($X), India ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2022, with a combined 97% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +12.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, falling by -10% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by 16%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform