The United Kingdom leads the European import market of casing, tubing, and drill pipe used in oil and gas drilling, with a 36.59% share. France and Spain follow, making up 14.97% and 14.04%, respectively. Year-on-year, notable variations were seen in Sweden (80.38% increase) and Finland (46.67% increase), while Romania and Hungary experienced declines of 7.54% and 13.97%. Over a five-year period, significant fluctuations suggest a dynamic market shaped by fluctuating energy demands, policy shifts, and economic conditions.
Future trends to watch include shifts towards sustainable energy impacting demand for oil and gas exploration materials, geopolitical influences on trade, and technological advancements in drilling methods boosting operational efficiencies and potentially altering import needs.
Top countries in Import of Casing, Tubing and Drill Pipe, of a Kind Used in the Drilling for Oil or Gas, Seamless of Steel Other than Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 36.59 | 2023 | -0.82% | +1.43% | View data |
| 2 | 2 France | 14.97 | 2023 | +20.46% | +17.5% | View data |
| 3 | 3 Spain | 14.04 | 2023 | +20.12% | +7.38% | View data |
| 4 | 4 Italy | 6.84 | 2023 | -0.55% | +1.56% | View data |
| 5 | 5 Romania | 6.08 | 2023 | -5.32% | -7.54% | View data |
| 6 | 6 Germany | 6.03 | 2023 | +2.84% | +14.99% | View data |
| 7 | 7 Poland | 5.51 | 2023 | +1.85% | +2.14% | View data |
| 8 | 8 Netherlands | 5.35 | 2023 | +6.32% | +0.58% | View data |
| 9 | 9 Lithuania | 2.06 | 2023 | +5.32% | +4.89% | View data |
| 10 | 10 Hungary | 1.77 | 2023 | +0.19% | -13.97% | View data |
