Scandinavia: Aluminium Alloy Tube Market 2022

Aluminium Alloy Tube Market Size in Scandinavia

In 2021, the Scandinavia aluminium alloy tube market increased by 31% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.7% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Aluminium Alloy Tube Production in Scandinavia

In value terms, aluminium alloy tube production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Aluminium Alloy Tube Exports

Exports in Scandinavia

In 2021, shipments abroad of aluminium alloy tubes and pipes was finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 12%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, aluminium alloy tube exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark dominates exports structure, resulting at X tons, which was approx. 97% of total exports in 2021. Sweden (X tons) took a relatively small share of total exports.

Denmark was also the fastest-growing in terms of the aluminium alloy tubes and pipes exports, with a CAGR of +1.3% from 2012 to 2021. Sweden (-10.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +6.3 percentage points.

In value terms, Denmark ($X) remains the largest aluminium alloy tube supplier in Scandinavia, comprising 95% of total exports. The second position in the ranking was taken by Sweden ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark stood at +1.2%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 12% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%).

Aluminium Alloy Tube Imports

Imports in Scandinavia

In 2021, the amount of aluminium alloy tubes and pipes imported in Scandinavia reduced slightly to X tons, approximately equating the previous year. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 78%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, aluminium alloy tube imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Denmark represented the major importing country with an import of about X tons, which recorded 54% of total imports. Sweden (X tons) ranks second in terms of the total imports with a 20% share, followed by Norway (14%) and Finland (10%).

From 2012 to 2021, average annual rates of growth with regard to aluminium alloy tube imports into Denmark stood at +1.7%. At the same time, Norway (+7.2%) and Finland (+3.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +7.2% from 2012-2021. Sweden experienced a relatively flat trend pattern. Norway (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Denmark saw its share reduced by -3% and -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aluminium alloy tube importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 88% share of total imports.

Among the main importing countries, Norway, with a CAGR of +6.2%, saw the highest rates of growth with regard to 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 Scandinavia stood at $X per ton in 2021, rising by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Norway ($X per ton), while Denmark ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :