Sweden: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Sweden

After two years of decline, the Swedish copper pipe and fitting market increased by 21% to $X in 2021. In general, consumption, however, showed a slight slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Copper Tubes, Pipes And Fitting in Sweden

In value terms, copper pipe and fitting production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Tubes, Pipes And Fitting

Exports from Sweden

Copper pipe and fitting exports from Sweden reached X tons in 2021, picking up by 4.5% compared with the year before. Overall, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2017 when exports increased by 6% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper pipe and fitting exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons), Norway (X tons) and Denmark (X tons) were the main destinations of copper pipe and fitting exports from Sweden, together accounting for 75% of total exports. Poland, Germany, Brazil and Estonia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +45.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Norway ($X) and Denmark ($X) constituted the largest markets for copper pipe and fitting exported from Sweden worldwide, with a combined 71% share of total exports. Poland, Germany, Estonia and Brazil lagged somewhat behind, together comprising a further 15%.

Brazil, with a CAGR of +42.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average copper pipe and fitting export price amounted to $X per ton, increasing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and Poland ($X per ton), while the average price for exports to Germany ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Sweden

Copper pipe and fitting imports into Sweden rose rapidly to X tons in 2021, growing by 7.8% against 2020. Over the period under review, imports, however, continue to indicate a slight decrease. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, copper pipe and fitting imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of copper pipe and fitting imports to Sweden, together comprising 51% of total imports. These countries were followed by China, Austria, Greece, Turkey, Finland, Denmark and Estonia, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +44.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper pipe and fitting suppliers to Sweden were Germany ($X), Italy ($X) and the UK ($X), with a combined 47% share of total imports. These countries were followed by China, Turkey, Austria, Finland, Greece, Denmark and Estonia, which together accounted for a further 35%.

Greece, with a CAGR of +43.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average copper pipe and fitting import price amounted to $X per ton, picking up by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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