The forecast for the import of casing, tubing, and drill pipes used in oil and gas drilling, all made of seamless steel other than stainless steel, to the UK from 2024 to 2028 indicates a gradual annual decline in volume from 87.05 million kilograms in 2024 to 84.047 million kilograms by 2028. This forecasts a consistent contraction in imports over the period. As of 2023, the actual import volume stood at an undisclosed level, used as the baseline to interpret this gradual decline.
Future trends to watch for include potential shifts in global energy policy impacting demand, advances in drilling technology, and fluctuations in oil and gas market demand, which could influence the import volumes of these specific drilling materials.
