Procurement Market Intelligence Report
OCTG Supply Chain Services
Sourcing Guide & Market Intelligence
Smarter cost management starts with comprehensive market intelligence
United States
Global
Quick Navigation
OCTG Supply Chain Services Global Overview
Definition
Summary
Buyers of OCTG supply chain solutions include oil drillers, gas extractors and oil and gas field service providers. Vendors in this market provide consultative support by evaluating well completion project opportunities, implementing and operating projects, providing ongoing assessments and recommending operational adjustments. Furthermore, these vendors help buyers manage their inventory by supplying the required OCTG tools and infrastructure, as well as the relevant maintenance services.
This Report Includes:
- Procurement of oil country tubular goods
- Demand forecasting and consulting
Not in this Report:
- Oil & Gas Engineering Services
- Oil Spill Cleanup Services
Global OCTG Supply Chain Services Procurement Trends
Discover the top international trends affecting procurement in the global OCTG Supply Chain Services market.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global OCTG Supply Chain Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 South America | 325 |
| #2 Africa & Middle East | 285 |
| #3 Europe | 185 |
Explore supplier concentration across the globe
We've uncovered the 11 top regions for global procurement, based on feedback from our most strategic clients. Access vendor counts for each unique region when you subscribe.
2
Geography Drilldown - US
Average Cost of OCTG Supply Chain Services
United States
2026 Market Pricing$165,000.00 to $X,XXX,XXX.XX
per rig per monthAverage Price
Prices in the OCTG Supply Chain Services market range from $165,000.00 to $X,XXX,XXX.XX, depending on Type of Service, Number of Wells, Project Complexity and Reputation and Expertise. For example, lower prices are associated with Narrower service range, whereas higher prices are associated with Broader service range.
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
OCTG Supply Chain Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the OCTG Supply Chain Services market, prices in the US have declined -12.1% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for OCTG Supply Chain Services
Total cost of ownership is Low in the OCTG Supply Chain Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Downtime may raise the total cost of ownership unexpectedly.
Unforeseen
Downtime
Hidden Fees
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to 0.1 in the United States. Buyer power is most positively impacted by Price Driver Volatility. It is most negatively impacted by Recent Price Trend. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Office Stationery Wholesalers
- Computer & Packaged Software Wholesalers
- Computer Stores
- Metal Pipe & Tube Manufacturers
2nd
Tier Suppliers
- Office Stationery Manufacturers
- Software Publishers
- Computer Manufacturers
- Iron & Steel Manufacturers
Biggest OCTG Supply Chain Services Suppliers in the US by Revenue
The largest OCTG Supply Chain Services vendors by revenue in the US are Tenaris Sa, Energy Tubulars Inc. and Tubular Synergy Group LP. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Tenaris Sa | Global | >10,000 | 10-15 | |||||
| Marubeni-Itochu Steel Inc. | Global | Tokyo, JP | 501-1,000 | 10-15 | ||||
| Sumitomo Corp | Global | Tokyo, JP | >10,001 | 20-25 | ||||
| Vallourec Sa | Global | Paris, FR | >10,001 | 5-10 | ||||
| Hunting PLC | Global | London, UK | 1,001-10,000 | 5-10 | ||||
| Nov Inc. | Global | HOUSTON, TX | >10,000 | < 5 | ||||
| Energy Tubulars Inc. | National | Seal Beach, CA | 51-100 | < 5 | ||||
| Tubular Synergy Group LP | National | Dallas , TX | <25 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the OCTG Supply Chain Services market is 18.2% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
The low level of average vendor risk supports buyer power by reducing the risk of supplier bankruptcy. Supplier bankruptcy could lead to financial losses for buyers if they have invested money in a contract.
High market share concentration undermines buyer power due to the limited availability of vendors, which results in a low level of price competition.
High supply chain risk limits buyer power by exposing buyers to the risk of price increases and fluctuations stemming from disruptions to the supply of input goods.
The United States is a net importer of oil country tubular goods, importing more than it exports. Although imports may offer cost savings, sourcing internationally may also entail higher shipping costs and longer delivery times.
Supplier Information
Marubeni-Itochu Steel Inc.
Marubeni-Itochu Steel Inc. is a private company operating globally in the mining sector. The company's offerings include octg supply chain services. Founded in 2001, the company is currently headquartered in Tokyo, Japan with an estimated 750 employees. Subscribe to learn more
Tenaris Sa
Tenaris Sa is a public company operating globally in the mining and manufacturing sectors. The company's offerings include drilling tools, oil & gas casing & tubing, industrial welded carbon steel pipes, octg supply chain services and oil & gas pipe coating services. Founded in 2000, the company is currently... Subscribe to learn more
Sumitomo Corp
Sumitomo Corp is a public company operating globally in the mining, manufacturing, manufacturing and real estate & rental & leasing sectors. The company's offerings include oil & gas casing & tubing, earthmoving machine rental, aerial lift rental, industrial truck rental, automobile & light truck tires. Founded... Subscribe to learn more
Hunting PLC
Hunting PLC is a public company operating globally in the mining and manufacturing sectors. The company's offerings include explosives, igniters, drilling tools and octg supply chain services. Founded in 1970, the company is currently headquartered in London, United Kingdom with an estimated 5500 employees.... Subscribe to learn more
Vallourec Sa
Vallourec Sa is a public company operating globally in the mining and manufacturing sectors. The company's offerings include oil & gas casing & tubing and octg supply chain services. Founded in 1931, the company is currently headquartered in Paris, France with an estimated employee count of over 10,000. Subscribe to learn more
Energy Tubulars Inc.
Energy Tubulars Inc. is a private company operating nationally in the mining sector. The company's offerings include octg supply chain services. Founded in 1959, the company is currently headquartered in Seal Beach, California, United States of America with an estimated 75 employees. Subscribe to learn more
Nov Inc.
NOV Inc. is a provider of equipment and technology to the global energy industry. It organizes its business into two reporting segments: the Energy Products and Services segment, which provides drill bits, downhole tools, completion tools, artificial lift system, tubular coating and inspection services, solids... Subscribe to learn more
Tubular Synergy Group LP
Tubular Synergy Group LP is a private company operating nationally in the mining sector. The company's offerings include octg supply chain services. Founded in 2008, the company is currently headquartered in Dallas, Texas, United States of America with an estimated 25 employees. Subscribe to learn more
Accelerate the vendor selection process
Get a clear picture of the competition in a market and discover which vendors are best-suited for your sourcing needs. Our supplier profiles include hard-to-find financial ranges for private companies, cover public company data and feature an interactive competitor matrix.
Procurement Management KPIs for the OCTG Supply Chain Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Response Time and Defect Density. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Delivery and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Response Time |
|
Cumulative response time Number of queries |
The average response time measures how quickly the supplier’s support staff respond to client queries. A prompt response from the supplier can help resolve issues that might otherwise hinder the buyer’s operations. |
| Defect Density |
|
Number of products delivered Number of defective products delivered |
The defect density tracks the percentage of products that are delivered with defects. Damaged goods cannot safely be used and will need to be replaced, impeding the buyer’s operations. |
|
|||
Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Qualifications
Tell me about similar projects you have worked on in the past. What challenges did you face and how did you overcome them?
Are you a member of any relevant associations? What support do you receive from them?
Timeliness
What is your average turnaround time for the procured services?
What priority will this project be in relation to other projects your firm is working on?
Experience and Expertise
What percentage of your business comes from OCTG supply chain services?
What types of inventory management solutions do you have the most experience with?
The ultimate prep for procurement negotations
View all 27 negotiation questions for this category when you subscribe.
OCTG Supply Chain Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide an overview of their company and the scale of their oil drilling and gas extraction operations.
Buyers should specify the state(s) and countries where they require OCTG supply chain services.
Statement Of Need
Buyers should specify the desired types and scope of supply chain services.
Buyers should specify the required OCTG products, including the desired dimensions and grade(s) of steel.
Project Budget
Buyers should specify their total budget.
Buyers should specify the desired payment terms.
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
