The United States dominates the global import market for drilling casings of iron or steel with diameters less than 406 mm, accounting for 77.01% in 2024, reflecting a modest growth of 3.17% from the previous year. Canada follows with 10.14%, though it experienced a decline of 5.14%. Smaller markets like Norway showed significant yearly growth at 25.81%. Notably, Slovenia saw a dramatic increase of 75.26%, while Cypriot imports spiked by 379.18%. Most European and Middle Eastern imports displayed either moderate growth or declines, reflecting varied market dynamics.
Future trends to watch include technological advancements in drilling equipment that can influence import demands, geopolitical shifts affecting trade routes, and economic policies that may increase or decrease tariffs on steel imports. Additionally, sustainability initiatives could alter production processes, impacting supply chains and the materials used in casing production.
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 Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 77.01 | 2023 | +1.35% | +3.17% | View data |
| 2 | 2 Canada | 10.14 | 2023 | -1.77% | -5.14% | View data |
| 3 | 3 India | 0.87 | 2023 | +2.24% | +0.27% | View data |
| 4 | 4 Malaysia | 0.82 | 2023 | +4.53% | +5.47% | View data |
| 5 | 5 Australia | 0.73 | 2023 | +4.61% | +0.6% | View data |
| 6 | 6 Myanmar | 0.58 | 2023 | +5.17% | +3.69% | View data |
| 7 | 7 Brunei | 0.27 | 2023 | -3.73% | -7.95% | View data |
| 8 | 8 Russia | 0.27 | 2023 | +3.69% | +5.92% | View data |
| 9 | 9 United Arab Emirates | 0.22 | 2023 | -4.97% | -1.53% | View data |
| 10 | 10 Norway | 0.21 | 2023 | -0.23% | +25.81% | View data |
