Finland: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Finland

The Finnish rubber tube and pipe market expanded rapidly to $X in 2021, with an increase of 14% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Finland

In value terms, rubber tube and pipe production surged to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 26%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Finland

After two years of decline, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by 40% to X tons in 2021. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe exports skyrocketed to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Estonia (X tons) and Sweden (X tons) were the main destinations of rubber tube and pipe exports from Finland, with a combined 52% share of total exports. Russia, Germany, the United States, France, Singapore, Lithuania, Poland and Norway lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber tube and pipe exported from Finland were the Netherlands ($X), Sweden ($X) and Russia ($X), with a combined 37% share of total exports. These countries were followed by the United States, Germany, Estonia, Singapore, France, Poland, Norway and Lithuania, which together accounted for a further 32%.

In terms of the main countries of destination, Singapore, with a CAGR of +29.1%, recorded 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 rubber tube and pipe export price stood at $X per ton in 2021, falling by -8.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The export price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Estonia ($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 Poland (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Finland

Rubber tube and pipe imports into Finland surged to X tons in 2021, with an increase of 26% compared with the previous year. The total import volume increased at an average annual rate of +4.7% 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.

In value terms, rubber tube and pipe imports soared to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of rubber tube and pipe to Finland, accounting for a 38% share of total imports. Moreover, rubber tube and pipe imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Poland (+23.7% per year).

In value terms, the largest rubber tube and pipe suppliers to Finland were Italy ($X), Germany ($X) and Poland ($X), with a combined 59% share of total imports. Hungary, Sweden, Belgium, Turkey, Slovakia, Malaysia, China, Israel and Austria lagged somewhat behind, together comprising a further 28%.

Hungary, with a CAGR of +94.1%, saw the highest growth rate of 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 rubber tube and pipe import price stood at $X per ton in 2021, picking up by 10% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, 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 Sweden ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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