The import of longitudinally submerged arc welded steel line pipes for oil or gas pipelines to the UK showed a significant downward trend from 2018 to 2022, with figures dropping from 22.58 million kilograms in 2018 to 2.66 million kilograms in 2022. This represents a steep decline in year-on-year percentages, averaging a compound annual growth rate of -42.3% over the five years.
As of 2023, data indicates that the UK's import volume remained low, continuing the overall downward trend. Moving forward, key trends to monitor include:
- Potential shifts in domestic production and consumption patterns impacting import levels.
- Geopolitical developments and trade policies affecting global supply chains.
- Advancements in pipeline technology and alternatives to traditional steel materials.