Finland: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Finland

In 2021, the Finnish ethylene polymer rigid pipes market increased by 3.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Finland

In value terms, ethylene polymer rigid pipes production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. Ethylene polymer rigid pipes production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Finland

In 2021, overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene increased by 88% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Estonia (X tons) and Denmark (X tons) were the main destinations of ethylene polymer rigid pipes exports from Finland, with a combined 85% share of total exports. Norway, Russia and the Netherlands lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +54.8%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Finland, comprising 46% of total exports. The second position in the ranking was taken by Estonia ($X), with a 20% share of total exports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-9.3% per year) and Denmark (+24.6% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 27% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 the Netherlands ($X per ton), while the average price for exports to Norway ($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 Russia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Finland

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported into Finland; reducing by -3.9% on 2020 figures. In general, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% 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 +86.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 94% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of ethylene polymer rigid pipes to Finland, with a 67% share of total imports. Moreover, ethylene polymer rigid pipes imports from Sweden exceeded the figures recorded by the second-largest supplier, Estonia (X tons), sevenfold. The third position in this ranking was taken by Denmark (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+14.7% per year) and Denmark (+1.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Finland, comprising 58% of total imports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total imports. It was followed by Austria, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+5.6% per year) and Austria (+48.6% per year).

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, picking up by 31% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethylene polymer rigid pipes import price decreased by -19.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Estonia ($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 (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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