In 2023, Japan led the global export market of oil and gas drilling casings with a projected increase of 2.99% from the previous year, followed closely by the United States and Singapore, showing modest growths of 0.62% and 4.56% respectively. Notably, Saudi Arabia and Russia experienced significant surge with year-on-year growth rates of 32.14% and 27.2% respectively. In contrast, Germany and Canada saw declines of 9.37% and 18.41% respectively. France also decreased by 8.25%, showing shifting dynamics in European exports.
Future trends to watch:
- Emerging markets like Saudi Arabia and Oman might continue to gain momentum due to ongoing investments in oil and gas infrastructure.
- Possible geopolitical tensions or trade policies could impact exports notably from Russia and the United States.
- Technological advancements in drilling techniques may influence demand and export values.
Top countries in Export of Casing of a Kind Used in Drilling for Oil or Gas of Iron or Steel of a Diameter of 406 mm and More by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 52,357,000 | 2023 | -2.4% | +2.99% | View data |
| 2 | 2 United States | 47,882,000 | 2023 | +1.02% | +0.62% | View data |
| 3 | 3 Singapore | 38,057,000 | 2023 | +3.79% | +4.56% | View data |
| 4 | 4 Brazil | 18,541,000 | 2023 | +4.9% | +1.52% | View data |
| 5 | 5 France | 14,447,000 | 2023 | -25.35% | -8.25% | View data |
| 6 | 6 United Kingdom | 10,760,000 | 2023 | -13.18% | -4.53% | View data |
| 7 | 7 Spain | 10,753,000 | 2023 | +3.06% | +4.47% | View data |
| 8 | 8 Saudi Arabia | 10,370,000 | 2023 | +2.69% | +32.14% | View data |
| 9 | 9 South Korea | 8,481,100 | 2023 | +6.42% | +3.77% | View data |
| 10 | 10 United Arab Emirates | 2,331,000 | 2023 | +0.54% | -3.64% | View data |
