Denmark: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Denmark

In 2022, the Danish market for flexible tubes, pipes and hoses of plastics, with fittings decreased by -10.1% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a strong increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Denmark

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings rose sharply to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Denmark

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings exported from Denmark surged to X tons, jumping by 16% compared with the year before. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings contracted modestly to $X in 2022. In general, exports posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 102% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Sweden (X tons), Iceland (X tons) and Norway (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with fittings from Denmark, with a combined 47% share of total exports. Finland, Germany, the United States, Japan, the Netherlands, Turkey, Faroe Islands, the UK and Belgium lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +132.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, with fittings exported from Denmark were Sweden ($X), the United States ($X) and Germany ($X), with a combined 28% share of total exports. Japan, Finland, Norway, the UK, Iceland, the Netherlands, Turkey, Belgium and Faroe Islands lagged somewhat behind, together accounting for a further 39%.

Japan, with a CAGR of +116.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, with a decrease of -15.2% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flexible tubes, pipes and hoses of plastics, with fittings increased by +85.5% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of 45%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Faroe Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Denmark

In 2022, after five years of growth, there was significant decline in overseas purchases of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -13.6% to X tons. Overall, imports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings dropped slightly to $X in 2022. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2019 when imports increased by 49% against the previous year. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Germany (X tons), Sweden (X tons) and China (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with fittings to Denmark, together comprising 53% of total imports. The Czech Republic, the Netherlands, Latvia and the UK lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Denmark, comprising 32% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by the UK, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.0% per year) and the UK (+22.9% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, rising by 14% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 68% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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