In 2023, South Korea led global exports of oil and gas casing with 457.69 million kg, showing a significant 7.15% year-on-year growth. The United States followed, increasing by 2.98% to 203.83 million kg. Russia and Brazil also saw growth, at 1.03% and 8.31%, respectively. Notably, Bulgaria experienced an enormous 1040% increase, albeit from a smaller base, and South Africa surged by 42.84%. Conversely, Canada experienced a significant decline of 9.67%, and Norway dropped by 70.5%. Over the past five years, there's been an evident trend towards increased demand in Asian and African markets.
Future trends to watch include the impact of geopolitical tensions on supply chains, shifts towards sustainable energy possibly affecting demand, and technological advancements in drilling efficiency. Emerging markets in Africa and Asia may continue to rise in prominence, while traditional suppliers could diversify to accommodate market changes.
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 by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 457,690,000 | 2023 | -0.91% | +7.15% | View data |
| 2 | 2 United States | 203,830,000 | 2023 | +1.09% | +2.98% | View data |
| 3 | 3 Russia | 89,354,000 | 2023 | +5.36% | +1.03% | View data |
| 4 | 4 Brazil | 70,359,000 | 2023 | +5.29% | +8.31% | View data |
| 5 | 5 Italy | 48,474,000 | 2023 | +6.46% | +2.83% | View data |
| 6 | 6 Canada | 42,536,000 | 2023 | -7.09% | -9.67% | View data |
| 7 | 7 Brunei | 23,734,000 | 2023 | +6.78% | +0.91% | View data |
| 8 | 8 South Africa | 8,628,300 | 2023 | +4.2% | +42.84% | View data |
| 9 | 9 Germany | 7,466,700 | 2023 | -1.52% | +10.75% | View data |
| 10 | 10 Kuwait | 1,643,700 | 2023 | +5.56% | +3.42% | View data |
