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

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

In 2021, the Finnish market for plastic fittings for tubes, pipes and hoses increased by 406% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Finland

In value terms, production of plastic fittings for tubes, pipes and hoses rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. The pace of growth was the most pronounced in 2017 when the production volume increased by 25% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Finland

After two years of decline, overseas shipments of plastic fittings for tubes, pipes and hoses increased by 18% to X tons in 2021. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 149%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2017 when exports increased by 131% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Finland, with a 29% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+1.7% per year) and Estonia (-1.5% per year).

In value terms, the largest markets for plastic fittings for tubes, pipes and hoses exported from Finland were Sweden ($X), Germany ($X) and Denmark ($X), together comprising 50% of total exports. Estonia, Spain, Poland, Norway, France, the United States, Russia, Italy and Switzerland lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, the United States, with a CAGR of +53.7%, 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

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, surging by 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2020 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Finland

Imports of plastic fittings for tubes, pipes and hoses into Finland expanded remarkably to X tons in 2021, picking up by 11% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 17%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of plastic fittings for tubes, pipes and hoses expanded rapidly to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 34% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Sweden (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Finland, together accounting for 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Finland, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.8% per year) and Italy (+8.3% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, remaining constant against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for plastic fittings for tubes, pipes and hoses increased by +51.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 34%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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