In 2023, Italy dominated European exports of welded stainless steel casing and tubing for drilling, with 4.9511 million kilograms, showing no change from the previous year. Spain and Poland experienced significant growth, with increases of 27.03% and 29.2%, respectively. Belgium saw a remarkable rise of 58.08%, while Sweden experienced a surge of 201.8%. In contrast, Slovakia and Austria faced declines of 22.3% and 13.79%, respectively. Over the past five years, most countries demonstrated a positive compound annual growth rate, driven by rising demand for energy infrastructure upgrades and technological advancements.
Future trends to watch include a shift towards sustainable drilling practices and increased focus on renewable energy, which may alter demand for traditional oil and gas infrastructure components. Both supply chain dynamics and geopolitical factors in Europe will also play critical roles in shaping the market landscape.
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 Stainless Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,951,100 | 2023 | -17.03% | View data | |
| 2 | 2 Spain | 1,358,400 | 2023 | +16.95% | +27.03% | View data |
| 3 | 3 Netherlands | 198,550 | 2023 | -5.8% | +2.06% | View data |
| 4 | 4 Belgium | 144,110 | 2023 | -0.14% | +58.08% | View data |
| 5 | 5 Poland | 138,960 | 2023 | +5.17% | +29.2% | View data |
| 6 | 6 Greece | 131,360 | 2023 | +14.15% | +13.22% | View data |
| 7 | 7 Germany | 105,110 | 2023 | +32.23% | +23.42% | View data |
| 8 | 8 Portugal | 28,440 | 2023 | +28.32% | +28.56% | View data |
| 9 | 9 Sweden | 25,040 | 2023 | -8.52% | +201.8% | View data |
| 10 | 10 France | 15,790 | 2021 | +29.99% | -12.57% | View data |
