Denmark: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Denmark

The Danish market for plastic fittings for tubes, pipes and hoses surged to $X in 2021, with an increase of 65% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Denmark

In value terms, production of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Denmark

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses was finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 6.9%. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses rose markedly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 18%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Norway (X tons) and Germany (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Denmark, with a combined 66% share of total exports. These countries were followed by the Netherlands, Faroe Islands, Finland, Poland, the United States, France, Switzerland, Greenland, Italy and the UK, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Faroe Islands (with a CAGR of +9.3%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and the United States ($X) appeared to be the largest markets for plastic fittings for tubes, pipes and hoses exported from Denmark worldwide, together comprising 53% of total exports. These countries were followed by Germany, the Netherlands, Faroe Islands, Greenland, Poland, the UK, Finland, France, Italy and Switzerland, which together accounted for a further 38%.

Faroe Islands, with a CAGR of +10.6%, saw the highest rates of growth with regard to 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

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2019 an increase of 21%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Denmark

In 2021, the amount of plastic fittings for tubes, pipes and hoses imported into Denmark skyrocketed to X tons, jumping by 16% compared with 2020. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Denmark, with a combined 49% share of total imports. These countries were followed by Latvia, the Netherlands, Italy, the UK, Finland, Spain, Lithuania, Belarus, Austria and Belgium, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +625.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Denmark were Germany ($X), Poland ($X) and Sweden ($X), together comprising 57% of total imports. These countries were followed by the Netherlands, Italy, Finland, the UK, Spain, Latvia, Belgium, Lithuania, Austria and Belarus, which together accounted for a further 28%.

Belarus, with a CAGR of +632.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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