MERCOSUR: Market for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel 2024

Market Size for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in MERCOSUR

The MERCOSUR market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel surged to $X in 2023, increasing by X% against the previous year. In general, consumption, however, continues to indicate a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in MERCOSUR

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel soared to $X in 2023 estimated in export price. Over the period under review, production saw a drastic downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

Exports in MERCOSUR

In 2023, approx. X tons of seamless casing, tubing and drill oil or gas pipes of non-stainless steel were exported in MERCOSUR; which is down by X% compared with 2022 figures. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel rose significantly to $X in 2023. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil dominates steel structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Colombia (X tons), constituting a X% share of total exports. Ecuador (X tons) held a little share of total exports.

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

In value terms, Brazil ($X) remains the largest seamless casing, tubing and drill oil or gas pipe of non-stainless steel supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Imports of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

Imports in MERCOSUR

In 2023, overseas purchases of seamless casing, tubing and drill oil or gas pipes of non-stainless steel increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel soared to $X in 2023. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Brazil (X tons) and Ecuador (X tons) were the major importers of seamless casing, tubing and drill oil or gas pipes of non-stainless steel in MERCOSUR, together creating X% of total imports. Guyana (X tons) held the next position in the ranking, followed by Colombia (X tons). All these countries together took approx. X% share of total imports. Argentina (X tons), Suriname (X tons) and Chile (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Guyana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Ecuador ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Chile, Guyana, Argentina and Suriname lagged somewhat behind, together accounting for a further X%.

Guyana, with a CAGR of X%, recorded the highest growth rate of 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 MERCOSUR amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Guyana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform