Sweden: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Sweden

For the third year in a row, the Swedish market for plastic hoses and hose fittings recorded growth in sales value, which increased by 23% to $X in 2021. Overall, consumption showed a prominent expansion. Plastic hose and hose fitting consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Sweden

In value terms, plastic hose and hose fitting production surged to $X in 2021 estimated in export price. In general, production enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 142%. Plastic hose and hose fitting production peaked in 2021 and is likely to continue growth in the near future.

Exports of Plastic Hoses and Hose Fittings

Exports from Sweden

In 2021, exports of plastic hoses and hose fittings from Sweden rose notably to X tons, with an increase of 15% against 2020 figures. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. The total export value increased at an average annual rate of +2.6% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Norway (X tons) and Finland (X tons) were the main destinations of plastic hose and hose fitting exports from Sweden, with a combined 51% share of total exports. Denmark, Spain, the UK, the Netherlands, Hungary, Russia, France, Estonia, Switzerland and Poland lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +53.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Norway ($X) constituted the largest markets for plastic hose and hose fitting exported from Sweden worldwide, together accounting for 45% of total exports. These countries were followed by Denmark, the UK, Spain, Switzerland, Russia, the Netherlands, Poland, Hungary, France and Estonia, which together accounted for a further 36%.

Among the main countries of destination, Hungary, with a CAGR of +53.0%, saw the highest growth rate of the value of exports, 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 hoses and hose fittings stood at $X per ton in 2021, rising by 8.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 9.9% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Hungary ($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 (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Sweden

For the sixth consecutive year, Sweden recorded growth in supplies from abroad of plastic hoses and hose fittings, which increased by 15% to X tons in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.7% 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 +130.1% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 25%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, plastic hose and hose fitting imports rose markedly to $X in 2021. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 28%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of plastic hose and hose fitting imports to Sweden, with a combined 70% share of total imports. These countries were followed by China, the UK, Norway, Taiwan (Chinese), the Czech Republic, France, Poland, Belgium and Finland, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +33.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Sweden were Italy ($X), Germany ($X) and Denmark ($X), together accounting for 53% of total imports. These countries were followed by the UK, China, Poland, France, Norway, Taiwan (Chinese), Belgium, Finland and the Czech Republic, which together accounted for a further 28%.

In terms of the main suppliers, Poland, with a CAGR of +31.4%, recorded the highest growth rate of 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 hoses and hose fittings stood at $X per ton in 2021, with a decrease of -1.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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