Scandinavia: Market for Plastic Fittings for Tubes, Pipes and Hoses 2025

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Scandinavia

The Scandinavia market for plastic fittings for tubes, pipes and hoses surged to $X in 2021, jumping by 106% against the previous year. In general, consumption posted buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Scandinavia

In value terms, production of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Scandinavia

After three years of decline, overseas shipments of plastic fittings for tubes, pipes and hoses increased by 6.4% to X tons in 2021. Over the period under review, exports, however, saw a slight decline. The pace of growth appeared the most rapid in 2017 when exports increased by 15% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Sweden (X tons) and Denmark (X tons) represented the largest exporters of plastic fittings for tubes, pipes and hoses in Scandinavia, together recording near 79% of total exports. Finland (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Norway (6.3%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +3.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest plastic fittings for tubes, pipes and hoses supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), together accounting for 95% of total exports.

In terms of the main exporting countries, Sweden, with a CAGR of +6.6%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.5%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Scandinavia

For the sixth consecutive year, Scandinavia recorded growth in purchases abroad of plastic fittings for tubes, pipes and hoses, which increased by 16% to X tons in 2021. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 18% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the largest importer of plastic fittings for tubes, pipes and hoses in Scandinavia, with the volume of imports amounting to X tons, which was near 54% of total imports in 2021. Denmark (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Norway (14%) and Finland (6.7%). Iceland (X tons) followed a long way behind the leaders.

Imports into Sweden increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, Iceland (+14.9%), Denmark (+4.9%) and Norway (+2.2%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +14.9% from 2012-2021. Finland experienced a relatively flat trend pattern. From 2012 to 2021, the share of Sweden increased by +8.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, with a combined 86% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 14%.

In terms of the main importing countries, Iceland, with a CAGR of +15.4%, 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

In 2021, the import price in Scandinavia amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, 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 country of destination: the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform