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

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

In 2022, after three years of growth, there was significant decline in the Polish market for tube or pipe fittings (of iron or steel), when its value decreased by -38.2% to $X. Over the period under review, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

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

In value terms, iron or steel tube fitting production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29% against the previous year. Iron or steel tube fitting production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Poland

In 2022, approx. X tons of tube or pipe fittings (of iron or steel) were exported from Poland; rising by 28% compared with the previous year's figure. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 29%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, iron or steel tube fitting exports surged to $X in 2022. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 38%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for iron or steel tube fitting exports from Poland, with a 23% share of total exports. Moreover, iron or steel tube fitting exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+50.8% per year) and the Czech Republic (+23.6% per year).

In value terms, Germany ($X) remains the key foreign market for tube or pipe fittings (of iron or steel) exports from Poland, comprising 30% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.5% share of total exports. It was followed by Belgium, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+21.6% per year) and Belgium (+13.1% per year).

Export Prices by Country

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, shrinking by -1.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 France (+5.4%), 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 Poland

In 2022, approx. X tons of tube or pipe fittings (of iron or steel) were imported into Poland; almost unchanged from 2021 figures. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +54.9% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, iron or steel tube fitting imports rose slightly to $X in 2022. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of iron or steel tube fitting imports to Poland, with a combined 69% share of total imports. The Czech Republic, Cambodia, the Netherlands, India, Bulgaria, Sweden, Belgium, Slovakia, Denmark and France lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest iron or steel tube fitting suppliers to Poland, with a combined 63% share of total imports. The Czech Republic, the Netherlands, France, India, Sweden, Belgium, Bulgaria, Denmark, Cambodia and Slovakia lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Cambodia, with a CAGR of +42.4%, 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 tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, with an increase of 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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