Page 12 - ITAtube Journal 2 2022

Market information
Figure 9: CIS - Tube and Pipe Production 2020 – 2023e Source: Wirtschaftsvereinigung Stahlrohre e.V.
Figure 10: USA - Tube and Pipe Production 2020 – 2023e Source: Wirtschaftsvereinigung Stahlrohre e.V.
Figure 11: China - Tube and Pipe Production 2020 – 2023e , Source: Wirtschaftsvereinigung Stahlrohre e.V. .
Figure 12: India - Tube and Pipe Production 2020 – 2023e Source: Wirtschaftsvereinigung Stahlrohre e.V.
Europe has lost a significant amount of
its production capacities this 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.
Inflation rate, which was considered as a major thread to economic growth seems
to calm down in most parts of the world. The affords of the central banks, espe- cially these of the US FED, has stopped the galloping inflation and reversed the trend. Due to the high indebtedness of the central banks, however, it must be feared that the target inflation of 2% will not be reached for some time yet (Figure 13).
ITAtube Journal December 2023
Figure 13: World inflation 1980 to 2028 projected Source: IMF/Statista.com
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