The forecast for the import of casing, tubing, and drill pipe, used in oil or gas drilling and made from seamless steel (excluding stainless steel), to France indicates a steady upward trend from 2024 to 2028. In 2024, imports are projected to be approximately 36.4 million kilograms and are expected to reach 38.2 million kilograms by 2028. The year-on-year growth is consistent, with an average annual increase (CAGR) of about 1.2% over the five-year period. As of 2023, the data for prior years isn't provided, so it's crucial to refer to historical figures available from other sources for a holistic view.
Future trends to watch include the impact of global energy policy shifts towards renewable resources, which could affect the demand for traditional oil and gas drilling equipment. Additionally, market dynamics such as global steel prices and technological advancements in drilling could play significant roles in influencing future imports.
