Australia and Oceania: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Australia and Oceania

The stainless steel seamless pipe market in Australia and Oceania stood at $X in 2023, almost unchanged from the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Australia and Oceania

In value terms, stainless steel seamless pipe production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in Australia and Oceania

In 2023, the amount of stainless steel seamless pipe for oil and gas exported in Australia and Oceania fell modestly to X tons, which is down by X% compared with the previous year's figure. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, stainless steel seamless pipe exports surged to $X in 2023. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Australia represented the key exporter of stainless steel seamless pipe for oil and gas in Australia and Oceania, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Fiji (X tons), making up a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Fiji increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest stainless steel seamless pipe supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in Australia and Oceania

After two years of growth, overseas purchases of stainless steel seamless pipe for oil and gas decreased by X% to X tons in 2023. Overall, imports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, stainless steel seamless pipe imports amounted to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

New Zealand represented the key importer of stainless steel seamless pipe for oil and gas in Australia and Oceania, with the volume of imports recording X tons, which was near X% of total imports in 2023. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by Fiji (X%) and Samoa (X%). The following importers - Papua New Guinea (X tons) and Solomon Islands (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to stainless steel seamless pipe imports into New Zealand stood at X%. At the same time, Samoa (X%), Papua New Guinea (X%), Solomon Islands (X%) and Australia (X%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, Fiji (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of New Zealand, Samoa, Papua New Guinea and Solomon Islands increased by X, X, X and X percentage points, respectively.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Papua New Guinea, Samoa and Solomon Islands lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Samoa, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices failed to regain momentum.

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 Australia ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform