Germany: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

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

The German market for tube or pipe fittings (of iron or steel) surged to $X in 2022, picking up by 18% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, iron or steel tube fitting production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 6.7% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Germany

In 2022, the amount of tube or pipe fittings (of iron or steel) exported from Germany reduced modestly to X tons, which is down by -2.5% on 2021 figures. Overall, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, iron or steel tube fitting exports dropped to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Poland (X tons), Austria (X tons) and the United States (X tons) were the main destinations of iron or steel tube fitting exports from Germany, with a combined 33% share of total exports. Switzerland, the Netherlands, France, the Czech Republic, Italy, Belgium, the UK, Finland, Spain and Denmark lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +7.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel tube fitting exported from Germany were Austria ($X), Poland ($X) and Switzerland ($X), with a combined 28% share of total exports. The Netherlands, the United States, France, Italy, the UK, the Czech Republic, Belgium, Finland, Spain and Denmark lagged somewhat behind, together accounting for a further 44%.

In terms of the main countries of destination, Spain, with a CAGR of +5.1%, recorded the highest rates of growth with regard to 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, with an increase of 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 when the average export price increased by 9.5%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Czech Republic ($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 Italy (+10.4%), 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 Germany

In 2022, purchases abroad of tube or pipe fittings (of iron or steel) increased by 8.5% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 11%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, iron or steel tube fitting imports soared to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +47.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest iron or steel tube fitting supplier to Germany, accounting for a 30% share of total imports. Moreover, iron or steel tube fitting imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.2% per year) and Poland (+3.9% per year).

In value terms, the largest iron or steel tube fitting suppliers to Germany were China ($X), Italy ($X) and Poland ($X), together accounting for 49% of total imports. The Netherlands, the Czech Republic, India, Switzerland, Austria, France, Turkey, Denmark, Spain and Romania lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Turkey, with a CAGR of +10.5%, saw 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 tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, surging by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2021 an increase of 14% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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