Sudan: 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 Sudan

The Sudanese market for line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022, jumping by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a abrupt contraction. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

Exports from Sudan

In 2016, exports of line pipe of steel other than stainless steel for oil or gas pipelines from Sudan surged to X tons, jumping by 1,313% against 2015 figures. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2016. Overall, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Sudan, accounting for a 90% share of total exports. Moreover, exports of line pipe of steel other than stainless steel for oil or gas pipelines to Egypt exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold.

From 2013 to 2016, the average annual rate of growth in terms of volume to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and the United Arab Emirates (-46.9% per year).

In value terms, Egypt ($X) emerged as the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Sudan, comprising 100% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.1% share of total exports.

From 2013 to 2016, the average annual growth rate of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-99.0% per year) and Turkey (0.0% per year).

Export Prices by Country

In 2016, the average export price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, with a decrease of -29% against the previous year. Overall, the export price showed a significant contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2016, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2013 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-98.1%).

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

Imports into Sudan

In 2022, imports of line pipe of steel other than stainless steel for oil or gas pipelines into Sudan skyrocketed to X tons, rising by 25% against the previous year. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 140% against the previous year. Imports peaked at X tons in 2013; however, from 2014 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 totaled $X in 2022. In general, imports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 152%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the UK (X tons) and Greece (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Sudan, together accounting for 91% of total imports. Turkey, Singapore, India and Italy lagged somewhat behind, together comprising a further 8.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +0.6%), while imports for the other leaders experienced a decline.

In value terms, China ($X), the UK ($X) and Greece ($X) were the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Sudan, together accounting for 90% of total imports.

In terms of the main suppliers, China, with a CAGR of -5.0%, recorded the highest rates of growth with regard to the value of imports, 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, waning by -9.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Singapore ($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 (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform