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

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

The East European market for tube or pipe fittings (of iron or steel) fell markedly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, continues to indicate moderate growth. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

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

In value terms, iron or steel tube fitting production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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

Exports in Eastern Europe

In 2022, shipments abroad of tube or pipe fittings (of iron or steel) increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, iron or steel tube fitting exports surged to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland was the main exporting country with an export of around X tons, which resulted at X% of total exports. The Czech Republic (X tons) took the second position in the ranking, followed by Belarus (X tons) and Romania (X tons). All these countries together took approx. X% share of total exports. Russia (X tons), Bulgaria (X tons) and Slovakia (X tons) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the tube or pipe fittings (of iron or steel) exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. Romania and Bulgaria experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%), Slovakia (X%) and Russia (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia, Bulgaria, Romania, Russia and the Czech Republic saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Poland ($X) remains the largest iron or steel tube fitting supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

In Poland, iron or steel tube fitting exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

Iron or steel tube fitting imports shrank modestly to X tons in 2022, with a decrease of X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, iron or steel tube fitting imports declined to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, Russia (X tons) and Poland (X tons) represented the key importers of tube or pipe fittings (of iron or steel) in Eastern Europe, together generating X% of total imports. The Czech Republic (X tons) held the next position in the ranking, followed by Romania (X tons) and Hungary (X tons). All these countries together took approx. X% share of total imports. Slovakia (X tons), Bulgaria (X tons) and Belarus (X tons) held a minor share of total imports.

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

In value terms, the largest iron or steel tube fitting importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising X% of total imports. Romania, Hungary, Slovakia, Bulgaria and Belarus lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Hungary, with a CAGR of X%, saw 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 import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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