Scandinavia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Scandinavia

In 2022, the Scandinavia market for plastics pipes and pipe fittings decreased by -14.3% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Scandinavia

In value terms, plastics pipe and pipe fitting production contracted to $X in 2022 estimated in export price. In general, production recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 9.2% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in Scandinavia

In 2022, overseas shipments of plastics pipes and pipe fittings decreased by -2.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 16% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

In 2022, Sweden (X tons) represented the largest exporter of plastics pipes and pipe fittings, committing 61% of total exports. Norway (X tons) ranks second in terms of the total exports with a 22% share, followed by Finland (18%).

Sweden experienced a relatively flat trend pattern with regard to volume of exports of plastics pipes and pipe fittings. At the same time, Finland (+2.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.2% from 2012-2022. By contrast, Norway (-2.9%) illustrated a downward trend over the same period. While the share of Finland (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest plastics pipe and pipe fitting supplier in Scandinavia, comprising 64% of total exports. The second position in the ranking was held by Finland ($X), with a 21% share of total exports.

In Sweden, plastics pipe and pipe fitting exports expanded at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+1.6% per year) and Norway (-1.9% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, falling by -2% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastics Pipes And Pipe Fittings

Imports in Scandinavia

In 2022, purchases abroad of plastics pipes and pipe fittings increased by 4.9% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 11%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, plastics pipe and pipe fitting imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Sweden was the key importing country with an import of around X tons, which amounted to 51% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together generating a 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +5.1%), while purchases for the other leaders experienced more modest paces of growth.

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

Finland, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, therefore, remained relatively stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform