In 2023, South Korea led global exports of steel casings under 406 mm with $418 million, followed by the United States at $275 million. Germany (10.12%), South Africa (28.18%), Poland (27.88%), and Austria (51.91%) exhibited strong growth. Conversely, Japan (-36.62%) and China (-32.03%) saw notable declines. Overall, key exporters like Canada and Singapore experienced downturns, indicating potential shifts in trade dynamics.
Future trends to watch include sustainable and innovative drilling technologies influencing demand for specific casing types. Geopolitical factors might also affect global supply chains, altering export patterns across key countries.
Top countries in Export 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 | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 418,050,000 | 2023 | -0.86% | +4.73% | View data |
| 2 | 2 United States | 274,920,000 | 2023 | -0.7% | -0.012% | View data |
| 3 | 3 Russia | 74,766,000 | 2023 | +5.31% | +0.81% | View data |
| 4 | 4 Canada | 55,890,000 | 2023 | -7.85% | -10.2% | View data |
| 5 | 5 Brazil | 51,738,000 | 2023 | +1.42% | +3.27% | View data |
| 6 | 6 Italy | 50,259,000 | 2023 | +6.08% | +2.29% | View data |
| 7 | 7 Brunei | 20,286,000 | 2023 | +6.77% | +0.9% | View data |
| 8 | 8 United Arab Emirates | 17,127,000 | 2023 | +2.93% | -2.59% | View data |
| 9 | 9 Singapore | 9,579,100 | 2023 | -12.36% | -12.69% | View data |
| 10 | 10 Germany | 9,132,600 | 2023 | -0.94% | +10.12% | View data |
