Entering 2025, China's seamless pipe exports have demonstrated robust resilience amidst market fluctuations. As of October, both export quantity and value have achieved steady growth. However, the average export price continues to face pressure, clearly outlining the annual theme of "compensating for price with volume and expanding total value." This report analyzes the latest data as of October 2025, providing an outlook from three core dimensions: average export price, export quantity, and export value.
Export price is a key indicator for measuring product competitiveness and profitability levels. In October 2025, the average export price of seamless pipes was 1,099.63 USD/ton, a month-on-month decrease of 0.70%. This marks the fourth consecutive monthly decline since July and sets a new low for the year.
Throughout the year, the average export price has shown a clear "step-down" trend. From a high of 1,272.13 USD/ton in January, it has gradually slid to near the 1,100 USD/ton mark in October, representing a cumulative decline of 13.6%. This continuous bottoming out of prices directly reflects the intensity of competition in the international market. To consolidate and expand market share, Chinese exporters have adopted more flexible pricing strategies. Additionally, the overall sentiment in the global commodities market and the loosening of raw material costs have provided the objective conditions necessary for price reductions.

Export quantity is the most direct proof of market demand. In October 2025, China's seamless pipe export volume climbed further to 578,100 tons, a month-on-month increase of 5.97% compared to September. This makes October the month with the second-highest single-month export volume of the year, second only to March.
This data point not only reverses the slight month-on-month decline seen in September but also highlights the sustainability of overseas demand. Looking at the overall data from January to October, the cumulative export quantity has reached 5.08 million tons. Despite facing pressure from a high base, monthly export volumes have repeatedly broken the 550,000-ton mark, laying a solid foundation for the total annual export volume to hit a new historical high. The strong momentum behind this volume growth stems primarily from the solid cost-performance advantage of Chinese seamless pipes in the global market, as well as rigid demand from energy and infrastructure projects in countries along the "Belt and Road" initiative.

Export value is the most direct embodiment of export worth, determined jointly by quantity and price. Under the current "volume increase, price decrease" pattern, the export value in October 2025 reached 636 million USD, a month-on-month growth of 5.24%, consistent with the growth trend of export quantity.
This phenomenon is crucial: it indicates that the strong growth in export quantity has effectively offset the erosion of total value caused by the decline in unit price. Looking at the cumulative data from January to October, total export value has achieved positive year-on-year growth despite a significant pullback in prices. This model of "compensating for price with volume," while squeezing corporate profit margins at the micro level, ensures the stability and expansion of export revenue scale at the macro level. It highlights the strong market resilience and share-capturing ability of China's seamless pipe industry.

A comprehensive analysis linking volume, price, and value leads to the conclusion that China's seamless pipe exports in 2025 have successfully used scale advantages to hedge against price disadvantages. Amidst changes in global demand structures and competitive landscapes, the industry has maintained stable growth in export value.
Looking towards the end of the year, this trend is expected to continue. Fierce market competition means that prices are unlikely to rebound quickly in the short term, and export growth will rely more on steady increases in quantity. For the industry, while maintaining existing market share, accelerating the transformation and upgrading towards high-value-added products is the fundamental path to coping with long-term price pressure and improving profitability. Overall, China's seamless pipe exports in 2025, within a complex global trade environment, have once again proven their solid status as a calling card for "Made in China." From a longer cumulative cycle, the total volume of seamless pipe exports has maintained robust double-digit growth, showing strong export resilience. Concurrently, the net export scale, after stripping out import factors, shows a similar trend. Although the monthly data dipped slightly month-on-month, both year-on-year and cumulative year-on-year figures show strong growth momentum, further confirming the competitive advantage and sustained growth power of Chinese seamless pipes in the international market.