Sweden: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Sweden

The Swedish market for tube or pipe fittings (of iron or steel) contracted notably to $X in 2022, dropping by -20.1% against the previous year. In general, consumption, however, enjoyed a buoyant increase. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Sweden

In value terms, iron or steel tube fitting production reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by 1,210%. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Sweden

In 2022, approx. X tons of tube or pipe fittings (of iron or steel) were exported from Sweden; remaining relatively unchanged against 2021. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 11% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Norway (X tons), the Czech Republic (X tons) and Finland (X tons) were the main destinations of iron or steel tube fitting exports from Sweden, with a combined 45% share of total exports. Poland, Denmark, the United States, France, Germany, the UK, Italy, Belgium, Switzerland and Estonia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and the United States ($X) constituted the largest markets for iron or steel tube fitting exported from Sweden worldwide, together comprising 36% of total exports. Finland, the Czech Republic, Germany, Poland, France, Italy, the UK, Switzerland, Belgium and Estonia lagged somewhat behind, together comprising a further 46%.

In terms of the main countries of destination, Poland, with a CAGR of +16.0%, 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 more modest paces of growth.

Export Prices by Country

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, falling by -3.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 14%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Sweden

In 2022, supplies from abroad of tube or pipe fittings (of iron or steel) increased by 30% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting imports rose markedly to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of iron or steel tube fitting imports to Sweden, with a combined 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting suppliers to Sweden were Germany ($X), the Czech Republic ($X) and Italy ($X), together comprising 38% of total imports.

The Czech Republic, with a CAGR of +23.9%, saw the highest rates of growth with regard to 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 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, declining by -14.8% against the previous year. In general, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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