Scandinavia: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Scandinavia

In 2021, the Scandinavia rubber tube and pipe market decreased by -0.8% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Scandinavia

In value terms, rubber tube and pipe production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Scandinavia

In 2021, overseas shipments of tubes, pipes and hoses of vulcanized rubber were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe exports soared to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden represented the major exporter of tubes, pipes and hoses of vulcanized rubber in Scandinavia, with the volume of exports accounting for X tons, which was approx. 70% of total exports in 2021. It was distantly followed by Denmark (X tons), Norway (X tons) and Finland (X tons), together comprising a 30% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rubber tube and pipe exports from Sweden stood at +4.1%. At the same time, Finland (+4.6%) and Denmark (+2.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.6% from 2012-2021. By contrast, Norway (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +5.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest rubber tube and pipe supplier in Scandinavia, comprising 48% of total exports. The second position in the ranking was held by Denmark ($X), with a 19% share of total exports. It was followed by Finland, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +2.4%. In the other countries, the average annual rates were as follows: Denmark (+5.3% per year) and Finland (+6.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, which is down by -10.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 15%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 Denmark (+2.8%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in Scandinavia

After two years of decline, purchases abroad of tubes, pipes and hoses of vulcanized rubber increased by 14% to X tons in 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Sweden was the key importing country with an import of around X tons, which amounted to 43% of total imports. Finland (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (19%) and Norway (14%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +7.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber in Scandinavia, comprising 49% of total imports. The second position in the ranking was held by Finland ($X), with a 20% share of total imports. It was followed by Norway, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Finland (+5.0% per year) and Norway (-0.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 3.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.2% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Norway ($X per ton), while Denmark ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform