Eastern Europe: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Eastern Europe

The East European stainless steel seamless pipe market expanded to $X in 2023, growing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Eastern Europe

In value terms, stainless steel seamless pipe production reduced modestly to $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in Eastern Europe

In 2023, overseas shipments of stainless steel seamless pipe for oil and gas decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, stainless steel seamless pipe exports contracted to $X in 2023. In general, exports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia represented the major exporting country with an export of around X tons, which recorded X% of total exports. Russia (X tons) held the second position in the ranking, distantly followed by Romania (X tons) and Poland (X tons). All these countries together took approx. X% share of total exports. Belarus (X tons) took a relatively small share of total exports.

Exports from Slovakia increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Poland (X%) and Russia (X%) illustrated a downward trend over the same period. Slovakia (X p.p.), Romania (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) emerged as the largest stainless steel seamless pipe supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Russia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Slovakia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in Eastern Europe

In 2023, supplies from abroad of stainless steel seamless pipe for oil and gas increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, stainless steel seamless pipe imports soared to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, recording X tons, which was near X% of total imports in 2023. The Czech Republic (X tons), Romania (X tons), Poland (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the stainless steel seamless pipe for oil and gas imports, with a CAGR of X% from 2012 to 2023. At the same time, Romania (X%) and Bulgaria (X%) displayed positive paces of growth. By contrast, the Czech Republic (X%) and Poland (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Poland (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported stainless steel seamless pipe for oil and gas in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Russia, stainless steel seamless pipe imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Romania (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform