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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 PricingPrice for Stainless Steel Seamless Pipe in China - 2023
Contents:
- Price for Stainless Steel Seamless Pipe in China (FOB) - 2023
- Price for Stainless Steel Seamless Pipe in China (CIF) - 2023
- Exports of Stainless Steel Seamless Pipe in China
- Imports of Stainless Steel Seamless Pipe in China
Price for Stainless Steel Seamless Pipe in China (FOB) - 2023
The average stainless steel seamless pipe export price stood at $3,316 per ton in June 2023, shrinking by -38.6% against the previous month. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in December 2022 an increase of 34% m-o-m. As a result, the export price attained the peak level of $6,547 per ton. From January 2023 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($8,984 per ton), while the average price for exports to the Philippines ($717 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Stainless Steel Seamless Pipe in China (CIF) - 2023
The average stainless steel seamless pipe import price stood at $16,599 per ton in June 2023, picking up by 13% against the previous month. Over the period under review, import price indicated a strong expansion from September 2022 to June 2023: its price increased at an average monthly rate of +5.5% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, stainless steel seamless pipe import price increased by +41.0% against April 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 55% month-to-month. As a result, import price reached the peak level of $21,296 per ton. From December 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was France ($17,299 per ton), while the price for Italy ($15,882 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel Seamless Pipe in China
In 2022, the amount of stainless steel seamless pipe for oil and gas exported from China dropped notably to 13K tons, which is down by -18.3% on 2021 figures. In general, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 16K tons, and then reduced rapidly in the following year.
In value terms, stainless steel seamless pipe exports reached $104M in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Stainless Steel Seamless Pipe in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 0.4 | 1.1 | 40.2 | 41.3 | 369.1% |
United States | 1.1 | 0.8 | 0.5 | 6.5 | 80.8% |
Vietnam | 1.9 | 3.4 | 3.2 | 5.6 | 43.4% |
Russia | 2.9 | 1.6 | 6.2 | 4.6 | 16.6% |
United Arab Emirates | 4.9 | 1.8 | 0.8 | 4.0 | -6.5% |
Saudi Arabia | 0.9 | 1.7 | 1.5 | 3.7 | 60.2% |
South Korea | 9.2 | 5.5 | 5.0 | 3.2 | -29.7% |
Indonesia | 3.3 | 2.0 | 2.4 | 2.9 | -4.2% |
India | 2.7 | 2.3 | 1.4 | 2.4 | -3.9% |
Algeria | 0.2 | 0.1 | 0.7 | 2.3 | 125.7% |
Malaysia | 2.6 | 4.7 | 4.8 | 2.3 | -4.0% |
Qatar | N/A | N/A | 0.1 | 2.0 | 1900.0% |
Philippines | 2.0 | 5.0 | 3.8 | 2.0 | 0.0% |
Others | 24.8 | 29.2 | 24.6 | 21.2 | -5.1% |
Total | 56.9 | 59.1 | 95.2 | 104 | 22.3% |
Top Export Markets for Stainless Steel Seamless Pipe from China in 2022:
- Oman (4640.5 tons)
- Algeria (905.2 tons)
- Vietnam (740.8 tons)
- United States (577.9 tons)
- Indonesia (559.3 tons)
- Russia (474.5 tons)
- India (413.2 tons)
- South Korea (368.5 tons)
- Saudi Arabia (328.5 tons)
- United Arab Emirates (318.0 tons)
- Malaysia (310.9 tons)
- Philippines (304.0 tons)
- Qatar (227.9 tons)
Imports of Stainless Steel Seamless Pipe in China
In 2022, after three years of growth, there was significant decline in purchases abroad of stainless steel seamless pipe for oil and gas, when their volume decreased by -5.1% to 2K tons. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of 2.1K tons, and then reduced in the following year.
In value terms, stainless steel seamless pipe imports shrank to $25M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports reached the peak of $27M, and then declined in the following year.
Import of Stainless Steel Seamless Pipe in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 8.9 | 5.5 | 14.8 | 10.9 | 7.0% |
France | 1.2 | 3.0 | 1.3 | 4.7 | 57.6% |
Spain | 1.9 | 7.9 | 6.1 | 3.3 | 20.2% |
South Korea | 1.1 | 1.2 | 0.7 | 1.7 | 15.6% |
Austria | 0.3 | 0.2 | 0.3 | 1.4 | 67.1% |
Germany | 0.9 | 1.6 | 0.1 | 1.1 | 6.9% |
Japan | 2.5 | 0.5 | 2.2 | 0.3 | -50.7% |
Others | 6.6 | 4.1 | 1.9 | 2.0 | -32.8% |
Total | 23.5 | 24.0 | 27.4 | 25.3 | 2.5% |
Top Suppliers of Stainless Steel Seamless Pipe to China in 2022:
- Italy (984.8 tons)
- France (324.6 tons)
- Spain (275.1 tons)
- Austria (121.9 tons)
- Germany (111.9 tons)
- South Korea (57.8 tons)
- Japan (13.4 tons)
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
-
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
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