EU: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in the EU

The EU market for plastics pipes and pipe fittings reached $X in 2022, with an increase of 5.5% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Plastics Pipes And Pipe Fittings in the EU

In value terms, plastics pipe and pipe fitting production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.6%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Exports of Plastics Pipes And Pipe Fittings

Exports in the EU

In 2022, after ten years of growth, there was significant decline in overseas shipments of plastics pipes and pipe fittings, when their volume decreased by -5.8% to X tons. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 8.5% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, plastics pipe and pipe fitting exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Germany (X tons) and Italy (X tons) were the largest exporters of plastics pipes and pipe fittings in 2022, accounting for approx. 23% and 19% of total exports, respectively. Poland (X tons) took the next position in the ranking, followed by Spain (X tons) and the Netherlands (X tons). All these countries together took approx. 26% share of total exports. The following exporters - Austria (X tons), the Czech Republic (X tons), Romania (X tons), Denmark (X tons), Sweden (X tons), France (X tons), Belgium (X tons) and Portugal (X tons) - together made up 22% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +8.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest plastics pipe and pipe fitting supplier in the European Union, comprising 30% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +1.6%. In the other countries, the average annual rates were as follows: Italy (+4.3% per year) and Poland (+4.5% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the export price increased by 11%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in the EU

In 2022, overseas purchases of plastics pipes and pipe fittings decreased by -5.7% to X tons for the first time since 2011, thus ending a ten-year rising trend. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, plastics pipe and pipe fitting imports reduced to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, France (X tons) and Germany (X tons) were the largest importers of plastics pipes and pipe fittings in the European Union, together amounting to approx. 30% of total imports. Belgium (X tons) ranks next in terms of the total imports with a 6.7% share, followed by the Netherlands (6%) and Romania (4.5%). Austria (X tons), Denmark (X tons), Poland (X tons), Sweden (X tons), Spain (X tons), the Czech Republic (X tons), Italy (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together comprising 41% of total imports. Italy, Poland, Belgium, Austria, Spain, the Czech Republic, Sweden, Romania, Denmark and Bulgaria lagged somewhat behind, together comprising a further 42%.

In terms of the main importing countries, Romania, 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 2022, increasing by 5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the import price increased by 7.8% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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