In 2023, France and Germany lead European exports of seamless steel casing, tubing, and drill pipes used in oil and gas extraction, with France showing a notable year-on-year increase of 16.28%. Germany follows with a modest rise of 4.78%. Meanwhile, Spain experienced a decline of 15.36%, with some Eastern European countries like Poland and Estonia stabilizing or witnessing minimal changes. Noteworthy is a significant growth in smaller markets like Ireland and Sweden, both seeing substantial percentage increases of 86.36% and 53.67%, respectively. Over the past five years, the compound annual growth trend suggests market stabilization with minor fluctuations.
Future trends indicate potential growth in technology-driven efficiency within the sector, with countries like France and Germany continuing to dominate due to advanced production capabilities. The varying energy strategies within Europe, such as a shift towards renewable energy, may also impact long-term export volumes. Monitoring changes in energy policies, technological advancements in drilling, and global demand will be crucial in anticipating future export trends.
Top countries in Export of Casing, Tubing and Drill Pipe, of a Kind Used in the Drilling for Oil or Gas, Seamless of Stainless Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 12,020,000 | 2023 | +2.93% | +16.28% | View data |
| 2 | 2 Germany | 11,131,000 | 2023 | +1.86% | +4.78% | View data |
| 3 | 3 Spain | 3,725,800 | 2023 | +15.83% | -15.36% | View data |
| 4 | 4 Netherlands | 2,318,300 | 2023 | +5.96% | +24.37% | View data |
| 5 | 5 Italy | 1,933,000 | 2023 | +4.19% | +20.47% | View data |
| 6 | 6 Belgium | 1,136,500 | 2023 | +24.49% | +8.76% | View data |
| 7 | 7 Sweden | 190,210 | 2023 | +73.03% | +53.67% | View data |
| 8 | 8 Poland | 189,300 | 2023 | +4.62% | -3.3% | View data |
| 9 | 9 Estonia | 84,500 | 2023 | +4.91% | View data | |
| 10 | 10 Lithuania | 62,580 | 2023 | -1.06% | +3.69% | View data |
