Europe: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Europe

In 2021, the Europe metal flexible tubing market increased by 157% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Flexible Tubing Production in Europe

In value terms, metal flexible tubing production surged to $X in 2021 estimated in export price. Over the period under review, production posted prominent growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Metal Flexible Tubing Exports

Exports in Europe

Metal flexible tubing exports surged to X tons in 2021, rising by 31% on the previous year's figure. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal flexible tubing exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), France (X tons), Denmark (X tons) and Germany (X tons) represented roughly 70% of total exports in 2021. Spain (X tons) held the next position in the ranking, followed by the Czech Republic (X tons). All these countries together took approx. 14% share of total exports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +118.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal flexible tubing supplying countries in Europe were Germany ($X), France ($X) and the UK ($X), together accounting for 59% of total exports. Denmark, the Czech Republic, Spain and Italy lagged somewhat behind, together accounting for a further 22%.

Among the main exporting countries, Denmark, with a CAGR of +82.0%, saw 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

In 2021, the export price in Europe amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a mild descent. The growth pace was the most rapid in 2017 an increase of 12% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.7%), while the other leaders experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports in Europe

Metal flexible tubing imports expanded significantly to X tons in 2021, growing by 9.3% against 2020 figures. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 13% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, metal flexible tubing imports rose rapidly to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +11.6% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Spain (X tons), Germany (X tons), France (X tons), Italy (X tons), Slovakia (X tons), Norway (X tons), the UK (X tons), Poland (X tons), Russia (X tons), Romania (X tons), Belgium (X tons) and the Netherlands (X tons) represented the key importer of iron or steel flexible tubing in Europe, committing 76% of total import. Austria (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal flexible tubing importing markets in Europe were Germany ($X), France ($X) and Spain ($X), together accounting for 36% of total imports. Italy, the UK, the Netherlands, Norway, Russia, Belgium, Austria, Poland, Romania and Slovakia lagged somewhat behind, together comprising a further 41%.

The Netherlands, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Europe stood at $X per ton in 2021, growing by 4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 7%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform