Scandinavia: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Scandinavia

After two years of growth, the Scandinavia market for tube or pipe fittings (of iron or steel) decreased by -13.5% to $X in 2022. Overall, consumption, however, showed a tangible expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Scandinavia

In value terms, iron or steel tube fitting production fell significantly to $X in 2022 estimated in export price. Over the period under review, production showed a slight contraction. The growth pace was the most rapid in 2021 with an increase of 353%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports in Scandinavia

In 2022, the amount of tube or pipe fittings (of iron or steel) exported in Scandinavia shrank slightly to X tons, approximately equating 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 11%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports declined modestly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 14%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X tons) represented the major exporter of tube or pipe fittings (of iron or steel), achieving 75% of total exports. Finland (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Norway (10%).

Sweden was also the fastest-growing in terms of the tube or pipe fittings (of iron or steel) exports, with a CAGR of +2.1% from 2012 to 2022. Finland (-2.1%) and Norway (-3.6%) illustrated a downward trend over the same period. Sweden (+10 p.p.) significantly strengthened its position in terms of the total exports, while Finland and Norway saw its share reduced by -4.7% and -5.6% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest iron or steel tube fitting supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was taken by Norway ($X), with a 22% share of total exports.

In Sweden, iron or steel tube fitting exports expanded at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-4.7% per year) and Finland (-1.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by -3.5% against the previous year. Over the period under review, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by 8.9% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Sweden ($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 (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports in Scandinavia

After two years of decline, overseas purchases of tube or pipe fittings (of iron or steel) increased by 22% to X tons in 2022. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting imports rose rapidly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) was the key importer of tube or pipe fittings (of iron or steel), constituting 47% of total imports. Finland (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together took near 53% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +4.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest iron or steel tube fitting importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Finland, with a CAGR of +3.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, declining by -7.4% against the previous year. Overall, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 7.9%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($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 (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform