Finland: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Finland

After two years of decline, the Finnish market for plastic hoses and hose fittings increased by 40% to $X in 2021. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastic hose and hose fitting consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Finland

In value terms, plastic hose and hose fitting production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of 102% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports from Finland

In 2021, shipments abroad of plastic hoses and hose fittings increased by 15% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 42%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Overall, exports, however, showed a slight decrease. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for plastic hose and hose fitting exports from Finland, accounting for a 46% share of total exports. Moreover, plastic hose and hose fitting exports to Russia exceeded the volume sent to the second major destination, Sweden (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-11.4% per year) and Estonia (+0.9% per year).

In value terms, the largest markets for plastic hose and hose fitting exported from Finland were Russia ($X), China ($X) and Estonia ($X), with a combined 36% share of total exports. These countries were followed by Sweden, Germany, Denmark, Switzerland, Norway and Poland, which together accounted for a further 22%.

In terms of the main countries of destination, Switzerland, with a CAGR of +10.3%, saw the highest rates of growth with regard to 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 hoses and hose fittings stood at $X per ton in 2021, growing by 5.9% against the previous year. Overall, the export price saw a pronounced increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 82%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Russia ($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 Denmark (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Finland

For the tenth year in a row, Finland recorded growth in supplies from abroad of plastic hoses and hose fittings, which increased by 0.7% to X tons in 2021. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% 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 +82.7% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, plastic hose and hose fitting imports surged to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of plastic hose and hose fitting imports to Finland, together accounting for 63% of total imports. These countries were followed by Poland, Belgium, China, Switzerland, Estonia, the Netherlands, Denmark and Norway, which together accounted for a further 29%.

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 +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Italy ($X) appeared to be the largest plastic hose and hose fitting suppliers to Finland, with a combined 61% share of total imports. Belgium, Switzerland, China, Poland, the Netherlands, Estonia, Denmark and Norway lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Poland, with a CAGR of +20.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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