The import of Longitudinally Submerged Arc Welded steel line pipes for oil or gas pipelines to India is projected to increase steadily from 2024 to 2028, with quantities rising from 11.56 to 12.878 million kilograms. This represents an annual compound growth rate (CAGR) of approximately 2.8%. In 2023, imports stood slightly lower, indicating a consistent upward trend. The year-on-year growth is expected to average around 2.6% across the forecasted period, highlighting a stable demand trajectory.
Future trends to monitor include:
- Global oil and gas exploration activities
- India's infrastructure development plans
- International trade policies affecting steel imports
- Technological advancements in pipeline installation and materials
