Scandinavia: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Scandinavia

In 2021, the Scandinavia market for tubes, pipes and hollow profiles (of iron or steel) was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Scandinavia

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 109%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports in Scandinavia

In 2021, the amount of tubes, pipes and hollow profiles (of iron or steel) exported in Scandinavia rose sharply to X tons, with an increase of 14% on 2020. Over the period under review, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 198%. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 103% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Sweden (X tons) and Finland (X tons) represented roughly 76% of total exports in 2021. It was distantly followed by Norway (X tons), committing a 24% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of -4.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest iron or steel pipe and tube supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Among the main exporting countries, Finland, with a CAGR of -3.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 7.9% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tubes, pipes and hollow profiles (of iron or steel) increased by +127.2% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 111%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports in Scandinavia

In 2021, the amount of tubes, pipes and hollow profiles (of iron or steel) imported in Scandinavia shrank to X tons, reducing by -11.4% on 2020. In general, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2017 when imports increased by 172% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) reduced modestly to $X in 2021. Over the period under review, imports showed a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 105% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) and Norway (X tons) were the major importers of tubes, pipes and hollow profiles (of iron or steel) in Scandinavia, together committing 82% of total imports. It was distantly followed by Finland (X tons), committing an 18% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of -0.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2021.

Finland, with a CAGR of +1.2%, 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

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 9.9% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tubes, pipes and hollow profiles (of iron or steel) increased by +74.5% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 54% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform