Estonia: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2019

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Estonia

The revenue of the market for tubes, pipes and hollow profiles (of iron or steel) in Estonia amounted to $X in 2018, growing by X% against the previous year. Overall, consumption of tubes, pipes and hollow profiles (of iron or steel) continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the market for iron or steel pipe and tube attained its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Estonia

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) amounted to $X in 2018 estimated in export prices. Overall, production of tubes, pipes and hollow profiles (of iron or steel) continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2008 when production volume increased by X% against the previous year. Over the period under review, production of tubes, pipes and hollow profiles (of iron or steel) attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Estonia

In 2018, the exports of tubes, pipes and hollow profiles (of iron or steel) from Estonia totaled X tons, leveling off at the previous year. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel) reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) totaled $X in 2018. Overall, exports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports of tubes, pipes and hollow profiles (of iron or steel) reached their maximum at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by Italy (X tons), South Korea (X tons), Germany (X tons), Russia (X tons) and Japan (X tons) represented the major exporters of tubes, pipes and hollow profiles (of iron or steel), together constituting X% of total exports. The following exporters - Turkey (X tons), Mexico (X tons), India (X tons), Canada (X tons), the U.S. (X tons) and Austria (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern of tubes, pipes and hollow profiles (of iron or steel) exports. At the same time, South Korea (+X%), Mexico (+X%), Russia (+X%), Turkey (+X%) and India (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy and Austria experienced a relatively flat trend pattern. By contrast, Canada (-X%), Germany (-X%), the U.S. (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Korea, Russia and Mexico increased by +X%, +X% and +X% percentage points, while Germany (-X p.p.), China (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron or steel pipe and tube markets from Estonia were China ($X), Germany ($X) and Italy ($X), together comprising X% of total exports. Japan, South Korea, the U.S., Russia, Canada, India, Turkey, Mexico, Austria and Estonia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the export price for tubes, pipes and hollow profiles (of iron or steel) in Estonia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price indicated a temperate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, export price for tubes, pipes and hollow profiles (of iron or steel) decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Over the period under review, the export prices for tubes, pipes and hollow profiles (of iron or steel) attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced mixed trends in the export price figures.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Estonia

In 2018, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were imported into Estonia; increasing by X% against the previous year. Over the period under review, imports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Estonia imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) amounted to $X in 2018. Overall, imports of tubes, pipes and hollow profiles (of iron or steel), however, continue to indicate a moderate shrinkage. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. In that year, imports of tubes, pipes and hollow profiles (of iron or steel) attained their peak of $X. From 2012 to 2018, the growth of imports of tubes, pipes and hollow profiles (of iron or steel) remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and Australia (X tons) represented the main importers of tubes, pipes and hollow profiles (of iron or steel), together generating X% of total imports. The following importers - Canada (X tons), France (X tons), Saudi Arabia (X tons), Mexico (X tons), Poland (X tons), India (X tons), the UK (X tons), Italy (X tons) and the Netherlands (X tons) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of tubes, pipes and hollow profiles (of iron or steel) imports. At the same time, Australia (+X%), Mexico (+X%), India (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada, France and Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%), Saudi Arabia (-X%), the UK (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia and Mexico increased by +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. was relatively modest. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Australia (+X% per year).

Import Prices by Country

The import price for tubes, pipes and hollow profiles (of iron or steel) in Estonia stood at $X per ton in 2018, jumping by X% against the previous year. In general, the import price for tubes, pipes and hollow profiles (of iron or steel), however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. In that year, the import prices for tubes, pipes and hollow profiles (of iron or steel) attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for tubes, pipes and hollow profiles (of iron or steel) remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform