In 2023, Japan led the global export market for casings used in oil or gas drilling with a 27.85% share, followed by the United States at 25.47%. Singapore accounted for 20.25% of the market, showing a robust growth pattern. Noteworthy year-on-year growth was recorded by Oman, Russia, and Saudi Arabia, with substantial increases at 76.17%, 27.2%, and 32.14%, respectively. Conversely, declines were observed in France, Germany, and South Africa. The last five years illustrate a dynamic shift, with emerging players like Saudi Arabia capturing larger shares amidst varied performances from traditionally stronger markets like Europe.
Future trends to watch include potential regulatory changes influencing the export landscape, technological advancements in drilling enhancing quality and demand, as well as the impact of geopolitical events on oil and gas supply chains. The continued growth in renewable energy sectors might also affect longer-term demand for traditional drilling equipment.
Top countries in Export of Casing of a Kind Used in Drilling for Oil or Gas of Iron or Steel of a Diameter of 406 mm and More Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 27.85 | 2023 | -2.4% | +2.99% | View data |
| 2 | 2 United States | 25.47 | 2023 | +1.02% | +0.62% | View data |
| 3 | 3 Singapore | 20.25 | 2023 | +3.79% | +4.56% | View data |
| 4 | 4 Brazil | 9.86 | 2023 | +4.9% | +1.52% | View data |
| 5 | 5 France | 7.69 | 2023 | -25.35% | -8.25% | View data |
| 6 | 6 United Kingdom | 5.72 | 2023 | -13.18% | -4.53% | View data |
| 7 | 7 Spain | 5.72 | 2023 | +3.06% | +4.47% | View data |
| 8 | 8 Saudi Arabia | 5.52 | 2023 | +2.69% | +32.14% | View data |
| 9 | 9 South Korea | 4.51 | 2023 | +6.42% | +3.77% | View data |
| 10 | 10 United Arab Emirates | 1.24 | 2023 | +0.54% | -3.64% | View data |
