China's Line Pipe Market: Expected to See 156K Tons in Volume and $202M in Value by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: China - Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines - Market Analysis, Forecast, Size, Trends And Insights.

Driven by the increasing need for steel line pipes for oil and gas pipelines in China, the market is forecasted to experience growth over the next decade. The market performance is expected to slightly increase, with a projected CAGR of +1.0% in volume and +2.5% in value from 2024 to 2035. By the end of 2035, the market volume is estimated to reach 156K tons with a value of $202M (in nominal wholesale prices).

Driven by rising demand for line pipe of steel other than stainless steel for oil or gas pipelines in China, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market volume to 156K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2024 to 2035, which is projected to bring the market value to $202M (in nominal wholesale prices) by the end of 2035.

For the eleventh consecutive year, China recorded decline in consumption of line pipe of steel other than stainless steel for oil or gas pipelines, which decreased by -23% to 140K tons in 2024. In general, consumption saw a deep downturn. The most prominent rate of growth was recorded in 2016 when the consumption volume decreased by -7.1%. Consumption of peaked at 1.4M tons in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The size of the market for line pipe of steel other than stainless steel for oil or gas pipelines in China fell sharply to $154M in 2024, declining by -21.4% 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). Overall, consumption continues to indicate a deep downturn. Consumption of peaked at $1.4B in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

In 2024, production of line pipe of steel other than stainless steel for oil or gas pipelines in China was estimated at 2M tons, surging by 1.5% compared with the year before. Overall, production, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 44% against the previous year. Over the period under review, production of attained the maximum volume at 3.6M tons in 2013; however, from 2014 to 2024, production stood at a somewhat lower figure.

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines expanded slightly to $2.3B in 2024 estimated in export price. In general, production, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2022 when the production volume increased by 19%. Production of peaked at $3.4B in 2013; however, from 2014 to 2024, production stood at a somewhat lower figure.

In 2024, approx. 4.1K tons of line pipe of steel other than stainless steel for oil or gas pipelines were imported into China; increasing by 93% compared with the year before. In general, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 174% against the previous year. Imports peaked at 18K tons in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $15M in 2024. Over the period under review, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 124%. Over the period under review, imports of attained the maximum at $45M in 2013; however, from 2014 to 2024, imports failed to regain momentum.

In 2024, Brazil (2.2K tons) constituted the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier to China, with a 53% share of total imports. Moreover, imports of line pipe of steel other than stainless steel for oil or gas pipelines from Brazil exceeded the figures recorded by the second-largest supplier, Italy (377 tons), sixfold. Spain (293 tons) ranked third in terms of total imports with a 7.1% share.

From 2013 to 2024, the average annual growth rate of volume from Brazil totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-22.2% per year) and Spain (-4.3% per year).

In value terms, the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to China were Brazil ($6.8M), Italy ($3.5M) and Spain ($1.6M), with a combined 80% share of total imports. Germany, Japan, Romania, Thailand, South Korea and the United States lagged somewhat behind, together accounting for a further 8.9%.

Thailand, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

The average import price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $3,626 per ton in 2024, falling by -38.7% against the previous year. Overall, the import price, however, posted a noticeable increase. The growth pace was the most rapid in 2018 an increase of 179% against the previous year. Over the period under review, average import prices attained the maximum at $5,920 per ton in 2023, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($47,597 per ton), while the price for Thailand ($1,057 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 4.2% to 1.9M tons, rising for the third year in a row after two years of decline. In general, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of 104%. The exports peaked at 2.3M tons in 2014; however, from 2015 to 2024, the exports remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines contracted to $1.7B in 2024. Over the period under review, exports, however, showed a slight descent. The pace of growth appeared the most rapid in 2022 with an increase of 38%. Over the period under review, the exports of attained the maximum at $2B in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

The United Arab Emirates (299K tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from China, with a 16% share of total exports. Moreover, exports of line pipe of steel other than stainless steel for oil or gas pipelines to the United Arab Emirates exceeded the volume sent to the second major destination, Indonesia (146K tons), twofold. Nigeria (103K tons) ranked third in terms of total exports with a 5.6% share.

From 2013 to 2024, the average annual growth rate of volume to the United Arab Emirates totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+1.6% per year) and Nigeria (+4.3% per year).

In value terms, the United Arab Emirates ($298M) remains the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from China, comprising 18% of total exports. The second position in the ranking was taken by Indonesia ($104M), with a 6.1% share of total exports. It was followed by Saudi Arabia, with a 5.7% share.

From 2013 to 2024, the average annual growth rate of value to the United Arab Emirates amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+1.2% per year) and Saudi Arabia (+0.4% per year).

In 2024, the average export price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $914 per ton, waning by -16.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $1,305 per ton. From 2017 to 2024, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2024, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,213 per ton), while the average price for exports to Turkey ($681 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for line pipe of steel other than stainless steel for oil or gas pipelines in China. 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