Overview of the Global Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

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

The global market for line pipe of steel other than stainless steel for oil or gas pipelines reached $X in 2022, increasing by 2.6% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines reduced slightly to $X in 2022 estimated in export price. In general, production saw a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 15%. Over the period under review, global production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, the global exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Overall, exports, however, saw a perceptible contraction. Over the period under review, the global exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates pipelines structure, recording X tons, which was near 52% of total exports in 2022. It was distantly followed by Italy (X tons), creating a 7.4% share of total exports. The following exporters - Brazil (X tons), Romania (X tons), India (X tons), Ukraine (X tons), Japan (X tons), Russia (X tons), Belarus (X tons), Germany (X tons), South Africa (X tons) and Mexico (X tons) - together made up 27% of total exports.

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 exports from China stood at -3.8%. At the same time, India (+10.4%), Belarus (+7.9%), Brazil (+5.8%), Ukraine (+1.9%) and Mexico (+1.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.4% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, South Africa (-1.2%), Italy (-2.2%), Russia (-2.6%), Germany (-6.2%) and Japan (-8.8%) illustrated a downward trend over the same period. Brazil (+2.6 p.p.), India (+2.3 p.p.) and Belarus (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while Japan saw its share reduced by -1.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier worldwide, comprising 44% of global exports. The second position in the ranking was taken by Italy ($X), with an 8.4% share of global exports. It was followed by Germany, with a 5.9% share.

In China, exports of line pipe of steel other than stainless steel for oil or gas pipelines plunged by an average annual rate of -1.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-4.3% per year) and Germany (-3.6% per year).

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, rising by 19% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2022, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a perceptible decrease. Global imports peaked at X tons in 2012; however, from 2013 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 surged to $X in 2022. In general, imports, however, saw a pronounced reduction. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons) and the United Arab Emirates (X tons) represented roughly 23% of total imports in 2022. Algeria (X tons) ranks next in terms of the total imports with a 5.7% share, followed by Turkey (5%). Nigeria (X tons), Thailand (X tons), South Korea (X tons), Canada (X tons), Malaysia (X tons), Italy (X tons), Kuwait (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +23.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), the United Arab Emirates ($X) and Algeria ($X) were the countries with the highest levels of imports in 2022, with a combined 30% share of global imports. Turkey, Canada, South Korea, Nigeria, Thailand, Malaysia, Italy, Indonesia, Taiwan (Chinese) and Kuwait lagged somewhat behind, together accounting for a further 27%.

Turkey, with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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, growing by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Canada ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform