Scandinavia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Scandinavia

In 2022, the Scandinavia market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 2.3% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.6% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Scandinavia

In value terms, vinyl chloride polymer rigid pipes production reached $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +90.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 62%. The level of production peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in Scandinavia

In 2022, exports of rigid tubes, pipes and hoses of polymers of vinyl chloride in Scandinavia declined to X tons, waning by -12% compared with the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports dropped to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Finland (X tons) and Sweden (X tons) prevails in exports structure, together constituting 96% of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of +8.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest vinyl chloride polymer rigid pipes supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Finland, with a CAGR of +6.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, with an increase of 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Norway ($X per ton), while Finland ($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 (+4.0%), while the other leaders experienced a decline in the export price figures.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in Scandinavia

For the fifth year in a row, Scandinavia recorded decline in overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride, which decreased by -9.3% to X tons in 2022. In general, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2015 with an increase of 15%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports fell to $X in 2022. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons) and Finland (X tons) represented roughly 80% of total imports in 2022. It was distantly followed by Sweden (X tons), generating a 20% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +4.6%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest vinyl chloride polymer rigid pipes importing markets in Scandinavia were Norway ($X), Finland ($X) and Sweden ($X).

Finland, with a CAGR of +3.9%, recorded 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 a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, surging by 4% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +60.9% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform