EU: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in the EU

The EU market for tube or pipe fittings (of iron or steel) totaled $X in 2022, growing by 4.3% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.3% against 2018 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in the EU

In value terms, iron or steel tube fitting production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports in the EU

In 2022, overseas shipments of tube or pipe fittings (of iron or steel) increased by 2.6% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 6.2%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Italy (X tons), distantly followed by Poland (X tons), Germany (X tons), Spain (X tons), the Netherlands (X tons), France (X tons) and Austria (X tons) represented the main exporters of tube or pipe fittings (of iron or steel), together mixing up 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +10.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting supplying countries in the European Union were Italy ($X), Germany ($X) and Poland ($X), together accounting for 58% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +10.4%, 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 2022, surging by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 8.7%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.9%), while the other leaders experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports in the EU

In 2022, supplies from abroad of tube or pipe fittings (of iron or steel) increased by 5.3% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 11%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, iron or steel tube fitting imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +3.7% 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 imports increased by 21%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Italy (X tons), the Netherlands (X tons), Spain (X tons) and Poland (X tons) were the largest importers of tube or pipe fittings (of iron or steel), together creating 65% of total imports. Austria (X tons), Belgium (X tons), Denmark (X tons), Sweden (X tons), the Czech Republic (X tons), Romania (X tons) and Finland (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +5.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported tube or pipe fittings (of iron or steel) in the European Union, comprising 24% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: France (+2.8% per year) and the Netherlands (+3.5% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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 Finland ($X per ton), while Spain ($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 Czech Republic (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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