Turkey: 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 Turkey

The Turkish market for line pipe of steel other than stainless steel for oil or gas pipelines soared to $X in 2022, picking up by 634% 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). In general, consumption enjoyed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Turkey

In 2022, after five years of decline, there was significant growth in shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume increased by 326% to X tons. In general, exports, however, showed a pronounced descent. The exports peaked at X tons in 2013; however, from 2014 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 surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Croatia (X tons) and Iraq (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines from Turkey, with a combined 72% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +355.5%), while 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 Turkey were Croatia ($X), the United States ($X) and Iraq ($X), together accounting for 58% of total exports.

Among the main countries of destination, the United States, with a CAGR of +313.2%, recorded the highest rates of growth with regard to the value of exports, 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, which is down by -22.6% against the previous year. Over the period under review, the export price, however, saw a tangible expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 82% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 UK (+33.7%), 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 Turkey

In 2022, approx. X tons of line pipe of steel other than stainless steel for oil or gas pipelines were imported into Turkey; jumping by 615% against the previous year's figure. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Turkey, accounting for a 62% share of total imports. Moreover, imports of line pipe of steel other than stainless steel for oil or gas pipelines from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Russia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +63.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and Russia (+55.0% per year).

In value terms, Italy ($X) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Turkey, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Russia, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +52.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.7% per year) and Russia (+46.4% per year).

Import Prices by Country

The average import price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, rising by 2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Romania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform