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

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

After two years of growth, the SADC stainless steel seamless pipe market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Production of Stainless Steel Seamless Pipe For Oil And Gas in SADC

In value terms, stainless steel seamless pipe production rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports in SADC

In 2023, stainless steel seamless pipe exports in SADC rose significantly to X tons, surging by X% compared with the year before. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, stainless steel seamless pipe exports totaled $X in 2023. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa was the largest exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Zambia (X tons), comprising a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest stainless steel seamless pipe supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

In South Africa, stainless steel seamless pipe exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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

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

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports in SADC

In 2023, approx. X tons of stainless steel seamless pipe for oil and gas were imported in SADC; dropping by X% on the year before. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel seamless pipe imports reduced to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Botswana (X tons) represented the key importer of stainless steel seamless pipe for oil and gas, mixing up X% of total imports. Mozambique (X tons) ranks second in terms of the total imports with a X% share, followed by Democratic Republic of the Congo (X%), Zimbabwe (X%), South Africa (X%), Tanzania (X%), Namibia (X%) and Zambia (X%). Madagascar (X tons) followed a long way behind the leaders.

Botswana 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, Tanzania (X%), Mozambique (X%), Zambia (X%), Namibia (X%), Zimbabwe (X%), Democratic Republic of the Congo (X%) and Madagascar (X%) displayed positive paces of growth. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Botswana, Mozambique, Tanzania, Zambia, Zimbabwe and Namibia increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Botswana ($X), South Africa ($X) and Democratic Republic of the Congo ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Botswana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 SADC amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, 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 South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform