Page 12 - ITAtube Journal 1 2024

Market information
Figure 7: CIS - Tube and Pipe Production 202 –2023e Source: Wirtschaftsvereinigung Stahlrohre e.V.
Figure 9: China - Tube and Pipe Production 2020–2023e Source: Wirtschaftsvereinigung Stahlrohre e.V.
Figure 8: USA - Tube and Pipe Production 2020–2023e Source: Wirtschaftsvereinigung Stahlrohre e.V.
Figure 11: World inflation 1980 to 2028 projected Source: IMF/Statista.com
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Figure 10: India - Tube and Pipe Production 2020–2023e Source: Wirtschaftsvereinigung Stahlrohre e.V.
+12% (Figure 10). This positive development was already expected at our last report and was covering all tube and pipe segments.
In essence the tube and pipe producers
it these four countries are benefitting the most from the present geopolitical tur- bulences. Japan and Europe on the other hand are suffering and do not participate in the general growth trend reported for 2023 in the range of +14%!
Europe has lost a significant amount of
its production capacities second half of 2023 due to Vallourec´ s shut down of their major European production facilities, whose capacities need to be replaced by others as far as technically possible. Some tube customers do have problems for ade- quate replacement.
ITAtube Journal April 2024