Forecast: Import of Steel Casing and Tubing of a Kind Used in Drilling for Oil or Gas, Welded, of an External Diameter More than 406,4 mm to Italy

The import volume of steel casing and tubing used in drilling for oil or gas to Italy, with an external diameter greater than 406.4 mm, forecasts a decreasing trend from 2024 onwards. The volumes are projected to decline significantly year on year, moving from 14.98 thousand kilograms in 2024 to just 1.6 thousand kilograms by 2028. Between 2024 and 2028, the compound annual growth rate (CAGR) depicts a consistent downward trajectory, indicating shrinking demand or a shift in sourcing strategy. There is no available data for 2023 for comparison, thus the analysis directly begins with forecasts from 2024.

Future trends to watch for:

• Potential shifts in Italy's domestic drilling industry and alternative sourcing for steel casing.
• Technological advancements that might reduce reliance on traditional steel casing and tubing.
• Global or regional policy changes impacting the import of such materials.
• Fluctuations in oil and gas drilling activity that could influence demand.