Sweden: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Sweden

The Swedish market for plastic fittings for tubes, pipes and hoses soared to $X in 2021, picking up by 70% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Sweden

In value terms, production of plastic fittings for tubes, pipes and hoses contracted notably to $X in 2021 estimated in export price. In general, production, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Sweden

In 2021, after two years of decline, there was significant growth in shipments abroad of plastic fittings for tubes, pipes and hoses, when their volume increased by 5.5% to X tons. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2016 when exports increased by 13% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Sweden, together accounting for 72% of total exports. The UK, Estonia, the Netherlands, Poland and Germany lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +24.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic fittings for tubes, pipes and hoses exported from Sweden were Finland ($X), Denmark ($X) and Norway ($X), with a combined 50% share of total exports. These countries were followed by the UK, Poland, the Netherlands, Estonia and Germany, which together accounted for a further 8.4%.

The UK, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, in terms of 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

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, rising by 27% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +88.7% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 37%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Sweden

In 2021, approx. X tons of plastic fittings for tubes, pipes and hoses were imported into Sweden; increasing by 25% on the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, imports of attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Sweden, with a 56% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+31.2% per year) and Germany (+6.1% per year).

In value terms, Germany ($X), Poland ($X) and Denmark ($X) constituted the largest plastic fittings for tubes, pipes and hoses suppliers to Sweden, together accounting for 54% of total imports. These countries were followed by Italy, Finland, Norway and Latvia, which together accounted for a further 22%.

Among the main suppliers, Italy, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, falling by -1.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 7.9%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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