In 2023, Italy led European exports of welded casing and tubing for oil or gas drilling, despite a decline of 19.24% year-over-year. Germany and Spain showed positive growth, with Germany rising by 16.07% and Spain with an impressive 58.78% increase. Denmark and the UK experienced declines of 1.92% and 31.27%, respectively. Minor exporters like Sweden and Portugal witnessed notable increases, while other countries like the Netherlands and Belgium faced reductions. Most countries exhibited stability with few or no variations.
Future trends to watch:
- Growth in investment in renewable energy might influence the oil and gas sector, impacting demand.
- Technological advances in drilling might enhance export quality and volumes.
- Regulatory changes focusing on carbon emissions could affect steel manufacturing and export practices.
- Geopolitical developments could shift trade dynamics within Europe and globally.
Top countries in Export of Casing and Tubing, of a Kind Used in Drilling for Oil or Gas, Welded, of an External Diameter Less than 406,4 mm of Steel Other than Stainless Steel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14,446,000 | 2023 | +25.51% | -19.24% | View data |
| 2 | 2 Germany | 9,366,200 | 2023 | +27.21% | +16.07% | View data |
| 3 | 3 Spain | 2,033,300 | 2023 | +24.38% | +58.78% | View data |
| 4 | 4 Denmark | 1,943,000 | 2023 | +15.74% | -1.92% | View data |
| 5 | 5 United Kingdom | 450,410 | 2023 | -56.73% | -31.27% | View data |
| 6 | 6 Netherlands | 157,050 | 2023 | -25.84% | -13.62% | View data |
| 7 | 7 France | 105,370 | 2023 | -16.67% | +15.76% | View data |
| 8 | 8 Portugal | 78,830 | 2023 | +33.62% | +21.81% | View data |
| 9 | 9 Sweden | 76,710 | 2023 | +36.03% | +70.65% | View data |
| 10 | 10 Ireland | 75,760 | 2023 | +24.82% | View data |
