The import of casing used in drilling for oil or gas of iron or steel with a diameter less than 406 mm to the US is forecasted to show a steady increase from 2024 to 2028. The volume stood at 1.15 billion kilograms in 2023. The year-on-year growth from 2024 onwards shows positive increments, with an approximate increase ranging from 1.24% to 1.36% annually. The five-year CAGR is projected at around 1.21%, indicating consistent growth in this import sector.

Future trends to watch for include:

Advancements in drilling technology that may influence the demand for casing imports.
Fluctuations in global crude oil prices impacting drilling activities and related imports.
Potential trade policies or tariffs affecting import volumes and competitive pricing from global suppliers.