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China - Stainless Steel Seamless Pipe For Oil And Gas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Stainless Steel Seamless Pipe Exports Plummet to $65M in 2023
China Stainless Steel Seamless Pipe Exports
In 2023, after two years of growth, there was significant decline in shipments abroad of stainless steel seamless pipe for oil and gas, when their volume decreased by -16.7% to 15K tons. Over the period under review, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 128% against the previous year. Over the period under review, the exports reached the peak figure at 18K tons in 2022, and then contracted sharply in the following year.
In value terms, stainless steel seamless pipe exports declined notably to $65M (IndexBox estimates) in 2023. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 97% against the previous year. The exports peaked at $104M in 2022, and then reduced notably in the following year.
COUNTRY | Export Value of Stainless Steel Seamless Pipe in China (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Saudi Arabia | 0.4 | 0.7 | 0.2 | 0.3 | 0.1 | 0.5 | 1.0 | 1.7 | 1.5 | 3.7 | 8.9 |
Vietnam | 0.6 | 1.4 | 0.8 | 4.1 | 0.6 | 1.6 | 2.3 | 3.4 | 3.2 | 5.5 | 6.6 |
United States | 4.2 | 1.3 | 2.2 | 1.3 | 0.6 | 0.8 | 1.3 | 0.8 | 0.5 | 6.5 | 4.9 |
United Arab Emirates | 0.6 | 2.4 | 0.9 | 0.7 | 0.1 | 0.1 | 1.0 | 1.8 | 0.8 | 4.0 | 4.6 |
Turkey | 0.5 | 1.0 | 0.9 | 0.1 | 0.2 | 0.4 | 0.6 | 0.1 | 1.6 | 1.9 | 4.0 |
Philippines | N/A | 0.8 | 1.2 | 3.7 | 0.1 | 0.3 | 2.3 | 5.0 | 3.8 | 2.0 | 3.9 |
South Korea | 3.4 | 2.3 | 1.7 | 2.9 | 9.3 | 13.9 | 10.7 | 5.5 | 5.0 | 3.2 | 3.7 |
Malaysia | 0.2 | 1.2 | 3.4 | 1.7 | 1.1 | 1.6 | 3.1 | 4.7 | 4.8 | 2.3 | 2.7 |
Iran | 0.3 | 7.8 | 4.6 | 4.1 | 1.7 | 0.9 | 0.2 | 2.1 | 1.0 | 1.0 | 1.0 |
Thailand | 0.5 | 0.9 | 0.4 | 16.3 | 0.8 | 0.8 | 2.3 | 1.5 | 2.9 | 1.0 | 0.9 |
India | 4.2 | 8.1 | 4.2 | 3.8 | 3.6 | 4.5 | 3.1 | 2.3 | 1.4 | 2.4 | 0.8 |
Oman | 3.3 | N/A | N/A | 0.3 | 0.3 | 0.2 | N/A | 1.1 | 40.2 | 41.2 | 0.5 |
Others | 8.0 | 23.7 | 27.8 | 33.3 | 16.8 | 20.0 | 28.9 | 29.1 | 28.4 | 29.3 | 22.7 |
Total | 26.2 | 51.6 | 48.3 | 72.7 | 35.3 | 45.5 | 56.9 | 59.1 | 95.2 | 104 | 65.3 |
Exports by Country
Vietnam (2.2K tons), the Philippines (1.6K tons) and Turkey (1.3K tons) were the main destinations of stainless steel seamless pipe exports from China, together comprising 34% of total exports.
From 2013 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of +136.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for stainless steel seamless pipe exported from China were Saudi Arabia ($8.9M), Vietnam ($6.6M) and the United States ($4.9M), with a combined 31% share of total exports. the United Arab Emirates, Turkey, the Philippines, South Korea, Malaysia, Iran, Thailand, India and Oman lagged somewhat behind, together accounting for a further 34%.
the Philippines, with a CAGR of +124.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the stainless steel seamless pipe price amounted to $4,310 per ton (FOB, China), with a decrease of -24.7% against the previous year. In general, the export price showed a mild contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 25%. Over the period under review, the average export prices attained the maximum at $5,725 per ton in 2022, and then shrank markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($10,501 per ton), while the average price for exports to the Philippines ($2,429 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for stainless steel seamless pipe in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24201110 - Line pipe, of a kind used for oil or gas pipelines, seamless, of stainless steel
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023