U.S.: 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 the U.S.

In 2022, the U.S. market for line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in the U.S.

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines reduced modestly to $X in 2022. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from the U.S.

In 2022, after two years of decline, there was significant growth in overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines, when their volume increased by 12% to X tons. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. 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 soared to $X in 2022. Overall, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by 86%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The UK (X tons), Canada (X tons) and Italy (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines from the United States, with a combined 54% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +67.7%), 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 the United States were the UK ($X), Canada ($X) and Mexico ($X), with a combined 57% share of total exports. Colombia, Indonesia, Italy, the Dominican Republic, Taiwan (Chinese), Brazil, Trinidad and Tobago, Spain and Panama lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Italy, with a CAGR of +53.3%, saw 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, surging by 22% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Italy ($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 Panama (+6.7%), 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 the U.S.

In 2022, supplies from abroad of line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a perceptible slump. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 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 skyrocketed to $X in 2022. Overall, imports, however, saw a perceptible reduction. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), India (X tons) and Ukraine (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to the United States, together accounting for 36% of total imports. Italy, Romania, Brazil, South Africa, Spain, Thailand, Japan, Belarus, South Korea and Russia lagged somewhat behind, together comprising a further 52%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to the United States were Mexico ($X), Italy ($X) and India ($X), together comprising 39% of total imports. Ukraine, Brazil, Romania, Spain, South Africa, Japan, South Korea, Thailand, Belarus and Russia lagged somewhat behind, together accounting for a further 48%.

Among the main suppliers, Brazil, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, increasing by 50% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform