In 2023, the Netherlands led European imports for casing and tubing used in oil or gas drilling, forecasting a 79.31% increase from the previous year. France recorded the highest rise at 191.13%, while Sweden and Denmark saw declines of 5.79% and 39.33% respectively. Ireland and Cyprus reported exceptional growth, boosting imports by 351.51% and 383.06%. Germany and Romania reported modest 2.08% and 2.65% increases. Luxembourg grew slightly at 17.08%, while countries like Italy and the UK contracted by double digits at 19.68% and 6.42%, respectively.
Future trends to watch in European imports of casing and tubing include the impact of global steel prices and geopolitical tensions affecting energy security, alongside sustainability goals potentially altering drilling activities. Enhanced European focus on renewable energy could decelerate import growth, while technological innovations could drive efficiency and alter demand patterns.
Top countries in Import 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 by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 2,291,900 | 2023 | +29.18% | +79.31% | View data |
| 2 | 2 France | 1,338,600 | 2023 | +18.23% | +191.13% | View data |
| 3 | 3 Sweden | 1,027,300 | 2023 | -2.02% | -5.79% | View data |
| 4 | 4 Denmark | 565,640 | 2023 | -50.83% | -39.33% | View data |
| 5 | 5 United Kingdom | 526,820 | 2023 | -8.58% | -6.42% | View data |
| 6 | 6 Spain | 517,050 | 2023 | +6.21% | +4.07% | View data |
| 7 | 7 Ireland | 375,300 | 2023 | +19.46% | +351.51% | View data |
| 8 | 8 Greece | 342,040 | 2023 | +3.32% | +60.92% | View data |
| 9 | 9 Cyprus | 263,040 | 2023 | +7.06% | +383.06% | View data |
| 10 | 10 Germany | 178,030 | 2023 | +12.52% | +2.08% | View data |
