South Korea dominates the global export market for casing used in drilling for oil or gas of iron or steel with a diameter of less than 406 mm, accounting for over half of global exports in volume. Key players behind South Korea are the United States and Russia, together contributing significantly to global trade in this segment. Canada and Brazil, while still leaders, saw declines in growth due to shifting economic challenges. Notable increases in exports were observed in Germany, Oman, Italy, and emerging markets like Bulgaria and the Philippines. Countries experiencing substantial declines include Norway and the United Kingdom.
Looking forward, the global market for drilling casings may witness a demand shift towards innovation and sustainability improvements, influencing production and export dynamics. Monitoring geopolitical shifts and technological advancements will be crucial for anticipating changes in export patterns. Additionally, environmental regulations and the energy transition may drive varying regional demands, impacting the leading countries' shares accordingly over the next few years.
Top countries in Export of Casing of a Kind Used in Drilling for Oil or Gas of Iron or Steel of a Diameter of Less Than 406 mm Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 56.85 | 2023 | -0.91% | +7.15% | View data |
| 2 | 2 United States | 25.32 | 2023 | +1.09% | +2.98% | View data |
| 3 | 3 Russia | 11.1 | 2023 | +5.36% | +1.03% | View data |
| 4 | 4 Brazil | 8.74 | 2023 | +5.29% | +8.31% | View data |
| 5 | 5 Italy | 6.02 | 2023 | +6.46% | +2.83% | View data |
| 6 | 6 Canada | 5.28 | 2023 | -7.09% | -9.67% | View data |
| 7 | 7 Brunei | 2.95 | 2023 | +6.78% | +0.91% | View data |
| 8 | 8 South Africa | 1.07 | 2023 | +4.2% | +42.84% | View data |
| 9 | 9 Germany | 0.93 | 2023 | -1.52% | +10.75% | View data |
| 10 | 10 Kuwait | 0.2 | 2023 | +5.56% | +3.42% | View data |
