South Korea leads the global export market for oil and gas casing of iron or steel with a notable increase of 4.73% from the previous year. The United States and Russia follow, although the U.S. experienced a slight dip, while Russia showed modest growth. Canada's exports declined by 10.2%, and China saw a significant decrease of 32.03%. Meanwhile, Germany, South Africa, and Greece showed strong growth. A surge in exports was noted particularly in Bulgaria, Bosnia and Herzegovina, Hungary, and Morocco, each experiencing impressive increases.
Future trends to watch include the expansion of South Korea and emerging players like Bulgaria and Hungary in this export segment. The global energy transition and related regulatory changes could also influence the demand and supply chain dynamics in the coming 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 (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 47.41 | 2023 | -0.86% | +4.73% | View data |
| 2 | 2 United States | 31.18 | 2023 | -0.7% | -0.012% | View data |
| 3 | 3 Russia | 8.48 | 2023 | +5.31% | +0.81% | View data |
| 4 | 4 Canada | 6.34 | 2023 | -7.85% | -10.2% | View data |
| 5 | 5 Brazil | 5.87 | 2023 | +1.42% | +3.27% | View data |
| 6 | 6 Italy | 5.7 | 2023 | +6.08% | +2.29% | View data |
| 7 | 7 Brunei | 2.3 | 2023 | +6.77% | +0.9% | View data |
| 8 | 8 United Arab Emirates | 1.94 | 2023 | +2.93% | -2.59% | View data |
| 9 | 9 Singapore | 1.09 | 2023 | -12.36% | -12.69% | View data |
| 10 | 10 Germany | 1.04 | 2023 | -0.94% | +10.12% | View data |
