The United States leads global imports of casing for oil and gas drilling, showing a slight year-on-year growth of 3.17%. Canada's imports decreased by 5.14%, while Malaysia and Russia experienced modest growth. Noteworthy is Slovenia's jump with an increase of 75.26%, and Cyprus's sharp rise by 379.18%. However, Denmark, Saudi Arabia, and Costa Rica saw significant declines. Over the past five years, compounded annual growth rates indicate a mixed performance across countries, reflecting varying demand dynamics and industrial reliance on oil and gas exploration technologies.
Future trends to watch include Asia's growing energy demands potentially increasing imports, while geopolitical shifts and environmental policies in these regions could significantly alter market dynamics. Additionally, advancements in drilling technology may influence the type and volume of casing imports required by various countries.
Top countries in Import of Casing of a Kind Used in Drilling for Oil or Gas of Iron or Steel of a Diameter of Less Than 406 mm by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,166,900,000 | 2023 | +1.35% | +3.17% | View data |
| 2 | 2 Canada | 153,650,000 | 2023 | -1.77% | -5.14% | View data |
| 3 | 3 India | 13,251,000 | 2023 | +2.24% | +0.27% | View data |
| 4 | 4 Malaysia | 12,418,000 | 2023 | +4.53% | +5.47% | View data |
| 5 | 5 Australia | 11,074,000 | 2023 | +4.61% | +0.6% | View data |
| 6 | 6 Myanmar | 8,755,600 | 2023 | +5.17% | +3.69% | View data |
| 7 | 7 Brunei | 4,101,300 | 2023 | -3.73% | -7.95% | View data |
| 8 | 8 Russia | 4,054,800 | 2023 | +3.69% | +5.92% | View data |
| 9 | 9 United Arab Emirates | 3,345,300 | 2023 | -4.97% | -1.53% | View data |
| 10 | 10 Norway | 3,249,800 | 2023 | -0.23% | +25.81% | View data |
