Nigeria's Seamless Casing, Tubing and Drill Oil or Gas Pipes of Stainless Steel Market Report 2024 - Prices, Size, Forecast, and Companies

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

The Nigerien market for seamless casing, tubing and drill oil or gas pipes of stainless steel amounted to $X in 2023, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

In 2023, the amount of seamless casing, tubing and drill oil or gas pipes of stainless steel exported from Nigeria surged to X tons, growing by X% compared with 2022 figures. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of stainless steel surged to $X in 2023. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Niger (X tons) was the main destination for exports of seamless casing, tubing and drill oil or gas pipes of stainless steel from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Niger amounted to X%.

In value terms, Niger ($X) also remains the key foreign market for seamless casing, tubing and drill oil or gas pipes of stainless steel exports from Nigeria.

From 2012 to 2023, the average annual rate of growth in terms of value to Niger amounted to X%.

The average export price for seamless casing, tubing and drill oil or gas pipes of stainless steel stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2023, the rate of growth in terms of prices for Niger amounted to X% per year.

In 2023, purchases abroad of seamless casing, tubing and drill oil or gas pipes of stainless steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel shrank rapidly to $X in 2023. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In 2023, China (X tons) constituted the largest supplier of seamless casing, tubing and drill oil or gas pipe of stainless steel to Nigeria, with a X% share of total imports. Moreover, imports of seamless casing, tubing and drill oil or gas pipes of stainless steel from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of seamless casing, tubing and drill oil or gas pipes of stainless steel to Nigeria, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Indonesia (X% per year).

In 2023, the average import price for seamless casing, tubing and drill oil or gas pipes of stainless steel amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for seamless casing, tubing and drill oil or gas pipe of stainless steel in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

This report provides an in-depth analysis of the market for seamless casing, tubing and drill oil or gas pipe of stainless steel in Asia.

This report provides an in-depth analysis of the market for seamless casing, tubing and drill oil or gas pipe of stainless steel in the U.S..

This report provides an in-depth analysis of the market for seamless casing, tubing and drill oil or gas pipe of stainless steel in China.

This report provides an in-depth analysis of the market for seamless casing, tubing and drill oil or gas pipe of stainless steel in the EU.

This report provides an in-depth analysis of the global market for seamless casing, tubing and drill oil or gas pipe of stainless steel.