EU: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in the EU

The EU base metal flexible tubing market reduced dramatically to $X in 2021, falling by -37.2% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel in the EU

In value terms, base metal flexible tubing production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in the EU

In 2021, overseas shipments of base metal flexible tubing, iron or steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a slight curtailment. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, base metal flexible tubing exports skyrocketed to $X in 2021. Overall, exports, however, showed a slight curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands was the major exporter of base metal flexible tubing, iron or steel in the European Union, with the volume of exports amounting to X tons, which was approx. 32% of total exports in 2021. Germany (X tons) ranks second in terms of the total exports with a 17% share, followed by Belgium (9.8%), Denmark (9.8%), Italy (8%) and Poland (7%). Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +8.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Denmark ($X), together comprising 62% of total exports. These countries were followed by Belgium, Italy, Poland and Sweden, which together accounted for a further 23%.

Among the main exporting countries, Poland, with a CAGR of +14.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 12% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 13% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in the EU

For the fourth consecutive year, the European Union recorded growth in overseas purchases of base metal flexible tubing, iron or steel, which increased by 12% to X tons in 2021. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 19%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, base metal flexible tubing imports soared to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) represented the key importer of base metal flexible tubing, iron or steel, comprising 30% of total imports. Spain (X tons) ranks second in terms of the total imports with a 10% share, followed by Germany (8.8%), Italy (8.5%), Poland (8.1%), Belgium (5.2%) and Romania (4.6%). The following importers - the Netherlands (X tons), Sweden (X tons), Hungary (X tons), Portugal (X tons), the Czech Republic (X tons) and Latvia (X tons) - together made up 14% of total imports.

France was also the fastest-growing in terms of the base metal flexible tubing, iron or steel imports, with a CAGR of +15.5% from 2012 to 2021. At the same time, Spain (+10.8%), Latvia (+8.7%), Italy (+5.5%), Sweden (+5.0%), Hungary (+3.3%), Portugal (+2.9%), Poland (+2.0%) and Romania (+1.8%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.7%), Belgium (-2.6%) and the Czech Republic (-5.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France and Spain increased by +17 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of imports in 2021, together comprising 47% of total imports.

Among the main importing countries, France, with a CAGR of +9.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, rising by 9.5% against the previous year. In general, the import price, however, saw a mild decrease. The pace of growth was the most pronounced in 2017 when the import price increased by 12% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :