Scandinavia: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Scandinavia

The Scandinavia non-reinforced rubber tubing market was estimated at $X in 2021, rising by 5.1% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Non-Reinforced Rubber Tubing Production in Scandinavia

In value terms, non-reinforced rubber tubing production surged to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports in Scandinavia

In 2021, overseas shipments of rubber tubing not reinforced increased by 13% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a mild descent. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat 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.

Exports by Country

Sweden prevails in exports structure, accounting for X tons, which was approx. 82% of total exports in 2021. Denmark (X tons) took an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by Finland (5.4%). Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-reinforced rubber tubing exports from Sweden stood at -1.6%. At the same time, Denmark (+4.0%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.0% from 2012-2021. Finland experienced a relatively flat trend pattern. By contrast, Norway (-4.6%) illustrated a downward trend over the same period. Denmark (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest non-reinforced rubber tubing supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was taken by Finland ($X), with a 12% share of total exports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +3.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-0.9% per year) and Denmark (+5.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 7.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 when the export price increased by 31%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Sweden (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Non-Reinforced Rubber Tubing Imports

Imports in Scandinavia

In 2021, supplies from abroad of rubber tubing not reinforced decreased by -9.3% to X tons for the first time since 2015, thus ending a five-year rising trend. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 +37.1% against 2014 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, non-reinforced rubber tubing imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.8% 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 appeared the most rapid in 2013 with an increase of 29%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Finland (X tons) and Sweden (X tons) represented the largest importers of rubber tubing not reinforced in 2021, resulting at near 39% and 36% of total imports, respectively. Norway (X tons) ranks next in terms of the total imports with a 13% share, followed by Denmark (12%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-reinforced rubber tubing importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X), with a combined 87% share of total imports. These countries were followed by Denmark, which accounted for a further 12%.

Denmark, with a CAGR of +7.6%, saw the highest growth rate of 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

The import price in Scandinavia stood at $X per ton in 2021, jumping by 23% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform