Scandinavia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Scandinavia

The Scandinavia market for plastic hoses and hose fittings soared to $X in 2021, rising by 70% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Scandinavia

In value terms, plastic hose and hose fitting production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 79% against the previous year. The level of production peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Plastic Hoses and Hose Fittings

Exports in Scandinavia

In 2021, approx. X tons of plastic hoses and hose fittings were exported in Scandinavia; with an increase of 13% on the previous year. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Sweden (X tons) was the main exporter of plastic hoses and hose fittings, comprising 62% of total exports. It was distantly followed by Denmark (X tons), Norway (X tons) and Finland (X tons), together committing a 38% share of total exports.

Exports from Sweden increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Denmark (+8.7%) and Norway (+1.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.7% from 2012-2021. By contrast, Finland (-3.1%) illustrated a downward trend over the same period. Denmark (+9.5 p.p.) significantly strengthened its position in terms of the total exports, while Finland and Sweden saw its share reduced by -3.8% and -4.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest plastic hose and hose fitting supplier in Scandinavia, comprising 61% of total exports. The second position in the ranking was held by Denmark ($X), with a 24% share of total exports. It was followed by Finland, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +2.6%. In the other countries, the average annual rates were as follows: Denmark (+7.9% per year) and Finland (-1.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 9.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.1%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic Hoses and Hose Fittings

Imports in Scandinavia

Plastic hose and hose fitting imports expanded sharply to X tons in 2021, with an increase of 13% against 2020 figures. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.7% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.0% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden represented the key importing country with an import of around X tons, which reached 43% of total imports. Norway (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (18%) and Finland (15%).

Sweden was also the fastest-growing in terms of the plastic hoses and hose fittings imports, with a CAGR of +9.7% from 2012 to 2021. At the same time, Norway (+7.7%), Finland (+6.9%) and Denmark (+2.3%) displayed positive paces of growth. While the share of Sweden (+8.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 84% of total imports.

Among the main importing countries, Sweden, with a CAGR of +9.4%, recorded the highest growth rate of 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 import price in Scandinavia stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Denmark ($X per ton) and Norway ($X per ton), while Sweden ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform