Scandinavia: Cement Pipe Market 2024

Cement Pipe Market Size in Scandinavia

In 2022, the Scandinavia cement pipe market decreased by -2.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a mild slump. The pace of growth was the most pronounced in 2016 with an increase of 5.5% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cement Pipe Production in Scandinavia

In value terms, cement pipe production fell modestly to $X in 2022 estimated in export price. In general, production saw a slight decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 4.7%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Cement Pipe Exports

Exports in Scandinavia

In 2022, shipments abroad of pipes and other articles of cement was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a slight setback. The pace of growth appeared the most rapid in 2018 when exports increased by 70% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cement pipe exports soared to $X in 2022. Over the period under review, exports, however, recorded a mild downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the largest exporting country with an export of about X tons, which recorded 66% of total exports. Finland (X tons) ranks second in terms of the total exports with a 28% share, followed by Norway (6%).

From 2012 to 2022, average annual rates of growth with regard to cement pipe exports from Sweden stood at -4.2%. At the same time, Finland (+12.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +12.7% from 2012-2022. Norway experienced a relatively flat trend pattern. Finland (+21 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -21.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest cement pipe supplier in Scandinavia, comprising 63% of total exports. The second position in the ranking was held by Finland ($X), with a 30% share of total exports.

In Sweden, cement pipe exports contracted by an average annual rate of -5.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+22.5% per year) and Norway (+2.4% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, declining by -6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 43%. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.7%), while the other leaders experienced mixed trends in the export price figures.

Cement Pipe Imports

Imports in Scandinavia

In 2022, supplies from abroad of pipes and other articles of cement decreased by -9.8% to X tons, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2015 with an increase of 22%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, cement pipe imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Sweden (X tons) and Norway (X tons) represented the key importers of pipes and other articles of cement in 2022, resulting at near 49% and 41% of total imports, respectively. It was distantly followed by Finland (X tons), achieving a 10% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of -1.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest cement pipe importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Finland, with a CAGR of +4.1%, 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

In 2022, the import price in Scandinavia amounted to $X per ton, picking up by 7% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement pipe import price increased by +99.5% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 39%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform