EU: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in the EU

In 2022, the EU base metal flexible tubing market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated mild 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, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in the EU

In value terms, base metal flexible tubing production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in the EU

In 2022, exports of base metal flexible tubing, iron or steel in the European Union reduced to X tons, declining by X% compared with the year before. In general, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal flexible tubing exports declined to $X in 2022. Over the period under review, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X tons) was the main exporter of base metal flexible tubing, iron or steel, comprising X% of total exports. It was distantly followed by Germany (X tons), Italy (X tons), Denmark (X tons), Poland (X tons), Spain (X tons), Sweden (X tons) and France (X tons), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal flexible tubing exports from the Netherlands stood at X%. At the same time, Spain (X%), Poland (X%), Denmark (X%) and France (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Sweden and Italy experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. Denmark (X p.p.), Spain (X p.p.), Poland (X p.p.), Italy (X p.p.), the Netherlands (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Denmark, Italy, Poland, Sweden and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, saw 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 export price in the European Union stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in the EU

In 2022, supplies from abroad of base metal flexible tubing, iron or steel decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import 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 most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, base metal flexible tubing imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, 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 X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

France represented the largest importing country with an import of around X tons, which recorded X% of total imports. Germany (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%), Italy (X%), Poland (X%), Belgium (X%) and Romania (X%). The Netherlands (X tons), Sweden (X tons), the Czech Republic (X tons), Hungary (X tons), Portugal (X tons) and Denmark (X tons) followed a long way behind the leaders.

France was also the fastest-growing in terms of the base metal flexible tubing, iron or steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Denmark (X%), Spain (X%), Italy (X%), Sweden (X%) and Hungary (X%) displayed positive paces of growth. Romania, Germany, Portugal and Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%), Belgium (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of France (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.), Germany (X p.p.), Poland (X p.p.), Belgium (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Poland, Spain, Sweden, Belgium, the Netherlands, the Czech Republic, Romania, Denmark, Hungary and Portugal lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 the European Union stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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