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Jun 11, 2025

Northern America's Stainless Steel Seamless Pipe for Oil and Gas Market to Reach 150K Tons and $2.2B by 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Northern America - Stainless Steel Seamless Pipe For Oil

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IndexBox has just published a new report: Northern America - Stainless Steel Seamless Pipe For Oil And Gas - Market Analysis, Forecast, Size, Trends And Insights.

The market for stainless steel seamless pipe for oil and gas in Northern America is set to grow steadily over the next decade. With a forecasted increase in both volume and value, the market is expected to reach 150K tons and $2.2B by 2035, driven by the rising demand in the region.

Driven by increasing demand for stainless steel seamless pipe for oil and gas in Northern America, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2024 to 2035, which is projected to bring the market volume to 150K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market value to $2.2B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 135K tons of stainless steel seamless pipe for oil and gas were consumed in Northern America; with an increase of 4.6% on 2023. The total consumption volume increased at an average annual rate of +1.4% over the period from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by 6.9% against the previous year. The volume of consumption peaked in 2024 and is expected to retain growth in the immediate term.

The value of the stainless steel seamless pipe market in Northern America skyrocketed to $1.9B in 2024, growing by 17% 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). The total consumption indicated buoyant growth from 2013 to 2024: its value increased at an average annual rate of +7.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +61.2% against 2016 indices. The level of consumption peaked in 2024 and is expected to retain growth in the near future.

The United States (119K tons) constituted the country with the largest volume of stainless steel seamless pipe consumption, comprising approx. 88% of total volume. Moreover, stainless steel seamless pipe consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada (16K tons), sevenfold.

In the United States, stainless steel seamless pipe consumption increased at an average annual rate of +1.4% over the period from 2013-2024.

In value terms, the United States ($1.8B) led the market, alone. The second position in the ranking was held by Canada ($87M).

From 2013 to 2024, the average annual rate of growth in terms of value in the United States stood at +7.5%.

The countries with the highest levels of stainless steel seamless pipe per capita consumption in 2024 were Canada (412 kg per 1000 persons) and the United States (350 kg per 1000 persons).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +0.7%).

In 2024, approx. 131K tons of stainless steel seamless pipe for oil and gas were produced in Northern America; picking up by 2.8% on the year before. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 6.2% against the previous year. Over the period under review, production hit record highs in 2024 and is likely to continue growth in years to come.

In value terms, stainless steel seamless pipe production surged to $2.1B in 2024 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, production hit record highs in 2024 and is expected to retain growth in the immediate term.

The United States (116K tons) remains the largest stainless steel seamless pipe producing country in Northern America, comprising approx. 88% of total volume. Moreover, stainless steel seamless pipe production in the United States exceeded the figures recorded by the second-largest producer, Canada (15K tons), eightfold.

In the United States, stainless steel seamless pipe production remained relatively stable over the period from 2013-2024.

In 2024, purchases abroad of stainless steel seamless pipe for oil and gas increased by 53% to 5K tons, rising for the third consecutive year after three years of decline. In general, imports, however, saw a noticeable downturn. The volume of import peaked at 10K tons in 2015; however, from 2016 to 2024, imports failed to regain momentum.

In value terms, stainless steel seamless pipe imports soared to $71M in 2024. Overall, imports posted a noticeable increase. The pace of growth was the most pronounced in 2014 with an increase of 87%. As a result, imports attained the peak of $79M. From 2015 to 2024, the growth of imports remained at a somewhat lower figure.

The United States was the largest importer of stainless steel seamless pipe for oil and gas in Northern America, with the volume of imports finishing at 4K tons, which was approx. 78% of total imports in 2024. It was distantly followed by Canada (1.1K tons), making up a 21% share of total imports.

Imports into the United States decreased at an average annual rate of -4.5% from 2013 to 2024. At the same time, Canada (+6.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +6.2% from 2013-2024. From 2013 to 2024, the share of Canada increased by +14 percentage points.

In value terms, the United States ($63M) constitutes the largest market for imported stainless steel seamless pipe for oil and gas in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($7.7M), with an 11% share of total imports.

From 2013 to 2024, the average annual growth rate of value in the United States amounted to +4.6%.

In 2024, the import price in Northern America amounted to $14,057 per ton, shrinking by -11.6% against the previous year. In general, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 41% against the previous year. Over the period under review, import prices hit record highs at $15,897 per ton in 2023, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($15,974 per ton), while Canada amounted to $7,092 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.5%).

In 2024, the amount of stainless steel seamless pipe for oil and gas exported in Northern America shrank notably to 1.6K tons, waning by -25.7% against 2023. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. Over the period under review, the exports attained the peak figure at 9.9K tons in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.

In value terms, stainless steel seamless pipe exports fell to $30M in 2024. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 82%. The level of export peaked at $63M in 2013; however, from 2014 to 2024, the exports remained at a lower figure.

In 2024, the United States (1.4K tons) was the major exporter of stainless steel seamless pipe for oil and gas, achieving 90% of total exports. It was distantly followed by Canada (159 tons), making up a 10% share of total exports.

From 2013 to 2024, average annual rates of growth with regard to stainless steel seamless pipe exports from the United States stood at -15.7%. Canada (-12.5%) illustrated a downward trend over the same period. While the share of Canada (+3.2 p.p.) increased significantly in terms of the total exports from 2013-2024, the share of the United States (-3.2 p.p.) displayed negative dynamics.

In value terms, the United States ($29M) remains the largest stainless steel seamless pipe supplier in Northern America, comprising 96% of total exports. The second position in the ranking was taken by Canada ($1.1M), with a 3.8% share of total exports.

In the United States, stainless steel seamless pipe exports shrank by an average annual rate of -6.4% over the period from 2013-2024.

The export price in Northern America stood at $19,188 per ton in 2024, increasing by 18% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 60%. Over the period under review, the export prices reached the peak figure in 2024 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($20,539 per ton), while Canada totaled $7,168 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+11.1%).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel seamless pipe in Northern America. 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 Export

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

The Largest Markets And Their Profiles