In 2023, Italy led European exports of welded casing and tubing for oil and gas drilling with a share of 53.89%, followed by Germany at 34.94%. Other notable exporters included Spain and Denmark, with shares of 7.59% and 7.25%, respectively. The United Kingdom, despite having a historically strong industrial base, saw a substantial decrease of 31.27% in exports. Contrarily, countries like Spain and Sweden experienced significant year-on-year growth of 58.78% and 70.65%, respectively.
Future trends suggest a possible rebound in exports for certain countries, driven by increased demand and technological advancements in drilling equipment. Close attention should be paid to fluctuations in global oil prices and trade regulations that might impact overall export dynamics.
- Italy's leading position faces pressure from emerging competitors showing rapid growth.
- Watch for policy changes in major exporting nations that might influence export volumes.
- Potential technological advancements could fuel demand for high-quality casing and tubing.
Top countries in Export of Casing and Tubing, of a Kind Used in Drilling for Oil or Gas, Welded, of an External Diameter Less than 406,4 mm of Steel Other than Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 53.89 | 2023 | +25.51% | -19.24% | View data |
| 2 | 2 Germany | 34.94 | 2023 | +27.21% | +16.07% | View data |
| 3 | 3 Spain | 7.59 | 2023 | +24.38% | +58.78% | View data |
| 4 | 4 Denmark | 7.25 | 2023 | +15.74% | -1.92% | View data |
| 5 | 5 United Kingdom | 1.68 | 2023 | -56.73% | -31.27% | View data |
| 6 | 6 Netherlands | 0.59 | 2023 | -25.84% | -13.62% | View data |
| 7 | 7 France | 0.39 | 2023 | -16.67% | +15.76% | View data |
| 8 | 8 Portugal | 0.29 | 2023 | +33.62% | +21.81% | View data |
| 9 | 9 Sweden | 0.29 | 2023 | +36.03% | +70.65% | View data |
| 10 | 10 Ireland | 0.28 | 2023 | +24.82% | View data |
