Finland: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Finland

In 2022, after two years of growth, there was significant decline in the Finnish market for plastics pipes and pipe fittings, when its value decreased by -5.7% to $X. Over the period under review, consumption showed a slight slump. Plastics pipe and pipe fitting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Finland

In value terms, plastics pipe and pipe fitting production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. Plastics pipe and pipe fitting production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Finland

Plastics pipe and pipe fitting exports from Finland dropped to X tons in 2022, which is down by -9.2% on 2021. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 40%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports declined to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, 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 33%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Sweden (X tons) was the main destination for plastics pipe and pipe fitting exports from Finland, accounting for a 51% share of total exports. Moreover, plastics pipe and pipe fitting exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), threefold. Denmark (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-2.0% per year) and Denmark (+9.8% per year).

In value terms, Sweden ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Finland, comprising 46% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by the United States, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.4% per year) and the United States (+19.4% per year).

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, picking up by 3.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 Germany (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Finland

In 2022, the amount of plastics pipes and pipe fittings imported into Finland reached X tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, plastics pipe and pipe fitting imports rose remarkably to $X in 2022. In general, total imports indicated prominent growth 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, imports increased by +20.2% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Sweden (X tons) constituted the largest plastics pipe and pipe fitting supplier to Finland, with a 36% share of total imports. Moreover, plastics pipe and pipe fitting imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+20.8% per year) and Estonia (+12.4% per year).

In value terms, Sweden ($X) constituted the largest supplier of plastics pipes and pipe fittings to Finland, comprising 30% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Poland, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and Poland (+14.8% per year).

Import Prices by Country

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, rising by 6.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 11%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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