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

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

The Finnish market for rigid tubes, pipes and hoses of polymers of vinyl chloride expanded notably to $X in 2022, rising by 12% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Finland

In value terms, vinyl chloride polymer rigid pipes production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Finland

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 3.8% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 63%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, vinyl chloride polymer rigid pipes exports expanded notably to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +95.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 70%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Sweden (X tons), Denmark (X tons) and Estonia (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Finland, together comprising 88% 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 Denmark (with a CAGR of +56.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Finland were Sweden ($X), Norway ($X) and Denmark ($X), with a combined 80% share of total exports.

Denmark, with a CAGR of +48.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, rising by 3.9% against the previous year. Over the period under review, the export price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 10%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Denmark ($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 Russia (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Finland

In 2022, imports of rigid tubes, pipes and hoses of polymers of vinyl chloride into Finland skyrocketed to X tons, rising by 24% compared with the year before. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +28.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; 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

Poland (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Finland, with a combined 83% share of total imports. Italy, Switzerland, Estonia, the Netherlands, Germany and Lithuania lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +90.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Poland ($X) and Denmark ($X) were the largest vinyl chloride polymer rigid pipes suppliers to Finland, together accounting for 56% of total imports. Germany, Italy, Switzerland, the Netherlands, Estonia and Lithuania lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, Switzerland, with a CAGR of +48.5%, recorded the highest rates of growth with regard to 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

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, picking up by 3.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 15%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Germany (+25.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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