Europe: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Europe

The Europe market for plastics pipes and pipe fittings was estimated at $X in 2022, growing by 2.5% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by 7.7% against the previous year. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Plastics Pipes And Pipe Fittings in Europe

In value terms, plastics pipe and pipe fitting production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 9% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Exports of Plastics Pipes And Pipe Fittings

Exports in Europe

In 2022, overseas shipments of plastics pipes and pipe fittings decreased by -4.3% to X tons for the first time since 2011, thus ending a ten-year rising trend. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 8.9%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted slightly in the following year.

In value terms, plastics pipe and pipe fitting exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports reached the peak of $X, and then fell modestly in the following year.

Exports by Country

In 2022, Germany (X tons) and Italy (X tons) were the key exporters of plastics pipes and pipe fittings in Europe, together generating 36% of total exports. It was distantly followed by Poland (X tons), Spain (X tons) and the Netherlands (X tons), together comprising a 22% share of total exports. Austria (X tons), Serbia (X tons), the UK (X tons), Russia (X tons), Switzerland (X tons), the Czech Republic (X tons), Romania (X tons) and Denmark (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest plastics pipe and pipe fitting supplier in Europe, comprising 26% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Poland, with an 8.4% share.

In Germany, plastics pipe and pipe fitting exports expanded at an average annual rate of +1.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+4.3% per year) and Poland (+4.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the export price increased by 12%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+5.1%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in Europe

In 2022, after five years of growth, there was significant decline in supplies from abroad of plastics pipes and pipe fittings, when their volume decreased by -5.3% to X tons. The total import volume increased at an average annual rate of +2.5% 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 with an increase of 13%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, plastics pipe and pipe fitting imports dropped slightly to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +58.2% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

France (X tons) and Germany (X tons) were the largest importers of plastics pipes and pipe fittings in 2022, amounting to near 13% and 12% of total imports, respectively. Belgium (X tons) held the next position in the ranking, followed by the UK (X tons) and the Netherlands (X tons). All these countries together held near 16% share of total imports. The following importers - Romania (X tons), Austria (X tons), Denmark (X tons), Poland (X tons), Sweden (X tons), Spain (X tons), the Czech Republic (X tons) and Italy (X tons) - together made up 27% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 33% of total imports. The UK, Italy, Poland, Belgium, Austria, Spain, the Czech Republic, Sweden, Romania and Denmark lagged somewhat behind, together comprising a further 39%.

Romania, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, rising by 5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 an increase of 9.9%. Over the period under review, import prices attained the peak figure 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 ($X per ton), while Denmark ($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