Finland - Tube Or Pipe Fittings (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron or Steel Tube Fitting in Finland - 2023
Contents:
- Price for Iron or Steel Tube Fitting in Finland (CIF) - 2023
- Price for Iron or Steel Tube Fitting in Finland (FOB) - 2023
- Imports of Iron or Steel Tube Fitting in Finland
- Exports of Iron or Steel Tube Fitting in Finland
Price for Iron or Steel Tube Fitting in Finland (CIF) - 2023
In August 2023, the average import price for tube or pipe fittings (of iron or steel) amounted to $10,816 per ton, growing by 3.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 24% month-to-month. The import price peaked at $12,114 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($17,588 per ton), while the price for France ($4,196 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Estonia (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Tube Fitting in Finland (FOB) - 2023
The average export price for tube or pipe fittings (of iron or steel) stood at $15,590 per ton in August 2023, reducing by -4.6% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 23% against the previous month. As a result, the export price attained the peak level of $16,713 per ton. From July 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the Netherlands ($24,790 per ton), while the average price for exports to Lithuania ($6,176 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Tube Fitting in Finland
In 2022, the amount of tube or pipe fittings (of iron or steel) imported into Finland soared to 20K tons, picking up by 16% against 2021. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. 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 totaled $208M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Iron or Steel Tube Fitting in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.2 | 43.3 | 50.0 | 51.8 | 4.6% |
| Italy | 27.8 | 22.9 | 30.9 | 35.4 | 8.4% |
| Sweden | 22.0 | 21.3 | 17.4 | 20.3 | -2.6% |
| Estonia | 7.5 | 7.6 | 14.3 | 15.0 | 26.0% |
| Denmark | 11.5 | 11.8 | 10.8 | 14.2 | 7.3% |
| China | 6.0 | 6.6 | 7.1 | 12.3 | 27.0% |
| Netherlands | 11.0 | 9.8 | 7.9 | 10.4 | -1.9% |
| Austria | 5.6 | 6.2 | 6.7 | 7.2 | 8.7% |
| Others | 29.3 | 32.7 | 43.3 | 41.6 | 12.4% |
| Total | 166 | 162 | 188 | 208 | 7.8% |
Top Suppliers of Iron or Steel Tube Fitting to Finland in 2022:
- Germany (3.4K tons)
- Italy (2.8K tons)
- Estonia (2.8K tons)
- Denmark (1.9K tons)
- Sweden (1.9K tons)
- China (1.9K tons)
- Netherlands (1.0K tons)
- Austria (1.0K tons)
Exports of Iron or Steel Tube Fitting in Finland
In 2022, the amount of tube or pipe fittings (of iron or steel) exported from Finland reduced slightly to 4.1K tons, stabilizing at the year before. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of 4.2K tons, leveling off in the following year.
In value terms, iron or steel tube fitting exports declined slightly to $57M in 2022. The total export value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports attained the peak of $59M, and then dropped in the following year.
| Export of Iron or Steel Tube Fitting in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 7.7 | 7.2 | 9.8 | 10.0 | 9.1% |
| Netherlands | 3.6 | 3.5 | 6.7 | 8.3 | 32.1% |
| Germany | 3.8 | 2.9 | 4.2 | 5.0 | 9.6% |
| Poland | 3.1 | 2.9 | 4.6 | 3.9 | 8.0% |
| Estonia | 3.2 | 3.5 | 4.4 | 3.7 | 5.0% |
| Norway | 3.8 | 3.8 | 4.2 | 3.7 | -0.9% |
| France | 2.4 | 2.3 | 4.1 | 2.8 | 5.3% |
| Italy | 2.2 | 2.0 | 2.9 | 2.4 | 2.9% |
| Denmark | 1.4 | 1.3 | 1.3 | 2.0 | 12.6% |
| Russia | 4.5 | 4.7 | 4.2 | 2.0 | -23.7% |
| Turkey | 1.8 | 0.3 | 1.2 | 1.0 | -17.8% |
| Austria | 0.9 | 0.4 | 0.5 | 0.7 | -8.0% |
| Others | 8.7 | 9.1 | 10.7 | 11.8 | 10.7% |
| Total | 47.3 | 43.9 | 58.7 | 57.3 | 6.6% |
Top Export Markets for Iron or Steel Tube Fitting from Finland in 2022:
- Sweden (791.1 tons)
- Poland (616.9 tons)
- Germany (468.5 tons)
- Estonia (409.1 tons)
- Netherlands (280.2 tons)
- France (237.7 tons)
- Norway (236.2 tons)
- Italy (223.3 tons)
- Denmark (102.7 tons)
- Turkey (100.7 tons)
- Russia (84.6 tons)
- Austria (62.3 tons)
This report provides an in-depth analysis of the market for iron or steel tube fitting in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24204010 - Flanges, of steel (excluding cast fittings)
- Prodcom 24204030 - Elbows, bends, couplings, sleeves and other threaded tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204050 - Elbows, bends, couplings and sleeves and other socket welding tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204073 - Butt welding elbows and bends, for tubes or pipes, of steel (excluding cast fittings)
- Prodcom 24204075 - Butt welding tube or pipe fittings, other than elbows and bends, of steel (excluding cast fittings)
- Prodcom 24513030 - Tube or pipe fittings, of non-malleable cast iron
- Prodcom 24513050 - Tube or pipe fittings of malleable cast iron
- Prodcom 24523000 - Tube or pipe fittings of cast steel
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
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Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
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Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
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In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
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Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3785
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1386
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1024
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1216
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
