United Kingdom: 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 the UK

The UK market for line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a noticeable downturn. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines shrank modestly to $X in 2022 estimated in export price. Overall, production faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, production of reached the maximum level 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 the UK

In 2022, overseas shipments of line pipe of steel other than stainless steel for oil or gas pipelines increased by 16% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 25% against the previous year. Over the period under review, the exports of attained the maximum 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 contracted slightly to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 16%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines from the UK, together accounting for 38% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +45.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Saudi Arabia ($X) and Singapore ($X) constituted the largest markets for line pipe of steel other than stainless steel for oil or gas pipelines exported from the UK worldwide, with a combined 30% share of total exports. Norway, the United Arab Emirates, India, Turkey, South Korea, China, Ireland, the Netherlands, Italy and Kazakhstan lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, Turkey, with a CAGR of +26.1%, 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

In 2022, the average export price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, waning by -15% against the previous year. In general, the export price saw a mild decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Brazil ($X per ton), while the average price for exports to India ($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 Turkey (+5.9%), 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 UK

In 2022, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 102% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt decline. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 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. In general, imports, however, saw a perceptible descent. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier to the UK, accounting for a 38% 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, Germany (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.7% per year) and the Czech Republic (-3.6% per year).

In value terms, Italy ($X) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to the UK, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.0% per year) and the Czech Republic (-2.5% 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, surging by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 64%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform