Finland: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Finland

The Finnish market for rigid tubes, pipes and hoses, of other polymers rose slightly to $X in 2022, with an increase of 1.9% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.3% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Finland

In value terms, production of rigid tubes, pipes and hoses, of other polymers contracted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Production of peaked at $X in 2021, and then fell in the following year.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Finland

In 2022, exports of rigid tubes, pipes and hoses, of other polymers from Finland dropped slightly to X tons, declining by -3.8% compared with 2021. The total export volume increased at an average annual rate of +2.7% 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 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers contracted to $X in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.2% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Sweden (X tons), India (X tons) and the United States (X tons) were the main destinations of exports of rigid tubes, pipes and hoses, of other polymers from Finland, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +130.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rigid tubes, pipes and hoses, of other polymers exported from Finland were Sweden ($X), Germany ($X) and the United States ($X), with a combined 78% share of total exports. India, Norway, Denmark, France, Poland, the UK and Canada lagged somewhat behind, together accounting for a further 17%.

India, with a CAGR of +91.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to France ($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 Canada (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Finland

In 2022, after two years of decline, there was significant growth in supplies from abroad of rigid tubes, pipes and hoses, of other polymers, when their volume increased by 29% to X tons. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 68% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers soared to $X in 2022. In general, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel (X tons), Italy (X tons) and Estonia (X tons) were the main suppliers of imports of rigid tubes, pipes and hoses, of other polymers to Finland, with a combined 52% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +37.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Israel ($X) and Germany ($X) constituted the largest rigid tubes, pipes and hoses, of other polymers suppliers to Finland, with a combined 35% share of total imports. China, Estonia, Sweden, Austria, Denmark, Switzerland and Spain lagged somewhat behind, together comprising a further 30%.

Denmark, with a CAGR of +33.4%, recorded the highest rates of growth with regard to 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

The average import price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 47% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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