Eastern Europe: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

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

In 2023, the East European market for line pipe of steel other than stainless steel for oil or gas pipelines decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

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

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines declined to $X in 2023 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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

Exports in Eastern Europe

In 2023, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines decreased by X% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2023, 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 fell to $X in 2023. In general, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons) and Romania (X tons) were the largest exporters of line pipe of steel other than stainless steel for oil or gas pipelines in 2023, finishing at near X% and X% of total exports, respectively. Russia (X tons) ranks next in terms of the total exports with a X% share, followed by the Czech Republic (X%), Belarus (X%) and Slovakia (X%). Poland (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Romania ($X), Ukraine ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, reducing by X% against the previous year. Export price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for line pipe of steel other than stainless steel for oil or gas pipelines increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

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

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

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

Imports in Eastern Europe

In 2023, the amount of line pipe of steel other than stainless steel for oil or gas pipelines imported in Eastern Europe surged to X tons, jumping by X% against 2022. Over the period under review, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Russia was the major importer of line pipe of steel other than stainless steel for oil or gas pipelines in Eastern Europe, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Poland (X tons) took the second position in the ranking, followed by Romania (X tons). All these countries together held approx. X% share of total imports. Latvia (X tons), the Czech Republic (X tons), Slovakia (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Lithuania (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Czech Republic (X p.p.), Poland (X p.p.) and Slovakia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. In general, the import price showed a slight slump. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 Latvia ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform