Finland: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Finland

After two years of growth, the Finnish market for other plastic tubes, pipes and hoses decreased by -18.4% to $X in 2022. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +27.4% against 2019 indices. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Finland

In value terms, production of other plastic tubes, pipes and hoses soared to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 78% against the previous year. Over the period under review, production of reached the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Finland

In 2022, overseas shipments of other plastic tubes, pipes and hoses increased by 151% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of other plastic tubes, pipes and hoses soared to $X in 2022. Over the period under review, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Finland, with a 34% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to Sweden exceeded the volume sent to the second major destination, Germany (X tons), twofold. Switzerland (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.2% per year) and Switzerland (+59.5% per year).

In value terms, the largest markets for other plastic tubes, pipes and hoses exported from Finland were Sweden ($X), Belgium ($X) and Germany ($X), with a combined 56% share of total exports. Estonia, Russia, Switzerland, Kazakhstan and France lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +65.1%, 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

In 2022, the average export price for other plastic tubes, pipes and hoses amounted to $X per ton, dropping by -5.8% against the previous year. In general, the export price showed a slight reduction. The pace of growth appeared the most rapid in 2013 an increase of 18%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Finland

In 2022, approx. X tons of other plastic tubes, pipes and hoses were imported into Finland; increasing by 9.9% compared with the year before. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, imports of other plastic tubes, pipes and hoses stood at $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 +14.4% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 25%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of imports of other plastic tubes, pipes and hoses to Finland, with a combined 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +30.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Italy ($X) appeared to be the largest other plastic tubes, pipes and hoses suppliers to Finland, together accounting for 54% of total imports.

Sweden, with a CAGR of +20.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, dropping by -8.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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