Finland: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Finland

In 2022, the Finnish market for tube or pipe fittings (of iron or steel) decreased by -22.9% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, posted a strong increase. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Finland

In value terms, iron or steel tube fitting production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Finland

In 2022, the amount of tube or pipe fittings (of iron or steel) exported from Finland declined modestly to X tons, remaining stable against 2021 figures. In general, exports saw a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting exports dropped slightly to $X in 2022. Over the period under review, exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 when exports increased by 34% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Poland (X tons) and Germany (X tons) were the main destinations of iron or steel tube fitting exports from Finland, together accounting for 45% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) were the largest markets for iron or steel tube fitting exported from Finland worldwide, with a combined 41% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +5.6%, saw the highest growth rate of 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 tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, dropping by -1.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Finland

Iron or steel tube fitting imports into Finland surged to X tons in 2022, growing by 16% against the year before. The total import 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting imports stood at $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Germany (X tons), Italy (X tons) and Estonia (X tons) were the main suppliers of iron or steel tube fitting imports to Finland, with a combined 44% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting suppliers to Finland were Germany ($X), Italy ($X) and Sweden ($X), with a combined 52% share of total imports. Estonia, Denmark, Poland, China, the Netherlands and Austria lagged somewhat behind, together comprising a further 35%.

Estonia, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, with a decrease of -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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