European Union's Iron and Steel Tube or Pipe Fittings Market Expected to Grow at a CAGR of +1.1% from 2024-2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: EU - Tube Or Pipe Fittings (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights.

The European Union's tube or pipe fittings market is expected to experience steady growth in demand, with a forecasted CAGR of +1.1% in volume and +1.9% in value from 2024 to 2035. By the end of 2035, the market volume is projected to reach 1.2M tons and the market value is expected to reach $9.6B in nominal prices.

Driven by increasing demand for tube or pipe fittings (of iron or steel) in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 1.2M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2024 to 2035, which is projected to bring the market value to $9.6B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 1M tons of tube or pipe fittings (of iron or steel) were consumed in the European Union; with an increase of 37% compared with the previous year. The total consumption indicated temperate growth from 2013 to 2024: its volume increased at an average annual rate of +3.7% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -17.6% against 2022 indices. Over the period under review, consumption reached the peak volume at 1.2M tons in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The size of the market for tube or pipe fittings (of iron or steel) in the European Union soared to $7.8B in 2024, growing by 90% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a moderate expansion. The level of consumption peaked at $11.7B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The countries with the highest volumes of consumption in 2024 were Italy (235K tons), Finland (182K tons) and Germany (161K tons), together comprising 56% of total consumption.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Finland (with a CAGR of +26.1%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Italy ($1.8B), Finland ($1.8B) and Germany ($1.4B) appeared to be the countries with the highest levels of market value in 2024, together comprising 65% of the total market.

Finland, with a CAGR of +26.3%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

In 2024, the highest levels of iron or steel tube fitting per capita consumption was registered in Finland (33 kg per person), followed by the Netherlands (4.9 kg per person), Italy (4 kg per person) and Denmark (3.7 kg per person), while the world average per capita consumption of iron or steel tube fitting was estimated at 2.3 kg per person.

In Finland, iron or steel tube fitting per capita consumption increased at an average annual rate of +25.9% over the period from 2013-2024. In the other countries, the average annual rates were as follows: the Netherlands (+7.4% per year) and Italy (+7.0% per year).

In 2024, production of tube or pipe fittings (of iron or steel) in the European Union soared to 917K tons, with an increase of 35% on 2023. In general, production showed a relatively flat trend pattern. The volume of production peaked at 1.2M tons in 2022; however, from 2023 to 2024, production remained at a lower figure.

In value terms, iron or steel tube fitting production soared to $8.4B in 2024 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The level of production peaked at $12.7B in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2024 were Italy (329K tons), Finland (173K tons) and Germany (123K tons), together accounting for 68% of total production.

From 2013 to 2024, the biggest increases were recorded for Finland (with a CAGR of +37.7%), while production for the other leaders experienced more modest paces of growth.

In 2024, overseas purchases of tube or pipe fittings (of iron or steel) decreased by -16.5% to 728K tons, falling for the second year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 11%. Over the period under review, imports attained the maximum at 963K tons in 2022; however, from 2023 to 2024, imports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting imports dropped dramatically to $5.7B in 2024. Total imports indicated modest growth from 2013 to 2024: its value increased at an average annual rate of +1.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports attained the maximum at $7.5B in 2023, and then declined dramatically in the following year.

The purchases of the nine major importers of tube or pipe fittings (of iron or steel), namely Germany, Spain, the Netherlands, Italy, France, Poland, Belgium, Denmark and the Czech Republic, represented more than two-thirds of total import. Austria (24K tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +5.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($1.3B) constitutes the largest market for imported tube or pipe fittings (of iron or steel) in the European Union, comprising 22% of total imports. The second position in the ranking was taken by the Netherlands ($605M), with an 11% share of total imports. It was followed by France, with a 9.9% share.

From 2013 to 2024, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (+0.9% per year) and France (-0.0% per year).

The products with the highest levels of iron or steel tube fitting imports in 2024 were tube or pipe flanges, other than stainless steel (151K tons), iron or steel cast fittings, other than of non-malleable cast iron (145K tons) and tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (129K tons), together amounting to 58% of total import. Tube or pipe flanges of stainless steel (72K tons) ranks next in terms of the total imports with a 9.9% share, followed by tube or pipe butt welding fittings, other than stainless steel (8.6%), tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (8.1%) and tube or pipe fittings of non-malleable cast iron (5.9%).

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading imported products, was attained by tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (with a CAGR of +4.3%), while imports for the other products experienced more modest paces of growth.

In value terms, the largest types of imported tube or pipe fittings (of iron or steel) were tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($1.2B), tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($1.1B) and iron or steel cast fittings, other than of non-malleable cast iron ($753M), together comprising 54% of total imports.

In terms of the main imported products, tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, with a CAGR of +4.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

The import price in the European Union stood at $7,870 per ton in 2024, dropping by -8% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 14%. The level of import peaked at $8,551 per ton in 2023, and then reduced in the following year.

There were significant differences in the average prices amongst the major imported products. In 2024, the product with the highest price was tube or pipe threaded elbows, bends and sleeves of stainless steel ($25,637 per ton), while the price for tube or pipe flanges, other than stainless steel ($3,254 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by tube or pipe threaded elbows, bends and sleeves of stainless steel (+2.4%), while the other products experienced more modest paces of growth.

The import price in the European Union stood at $7,870 per ton in 2024, reducing by -8% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. The level of import peaked at $8,551 per ton in 2023, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Austria ($11,485 per ton), while Spain ($4,317 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.9%), while the other leaders experienced more modest paces of growth.

In 2024, shipments abroad of tube or pipe fittings (of iron or steel) decreased by -22.9% to 615K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.2% against the previous year. Over the period under review, the exports hit record highs at 918K tons in 2018; however, from 2019 to 2024, the exports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting exports contracted markedly to $7.3B in 2024. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, the exports attained the peak figure at $8.9B in 2023, and then fell significantly in the following year.

In 2024, Italy (167K tons), distantly followed by Germany (82K tons), Spain (70K tons), Poland (56K tons), the Netherlands (40K tons) and Austria (29K tons) represented the key exporters of tube or pipe fittings (of iron or steel), together generating 72% of total exports. The following exporters - France (27K tons), Belgium (23K tons), Denmark (21K tons) and the Czech Republic (21K tons) - together made up 15% of total exports.

From 2013 to 2024, average annual rates of growth with regard to iron or steel tube fitting exports from Italy stood at -5.8%. At the same time, Denmark (+4.2%) and Poland (+1.4%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +4.2% from 2013-2024. Belgium, Spain and the Netherlands experienced a relatively flat trend pattern. By contrast, Austria (-3.2%), the Czech Republic (-4.0%), France (-4.7%) and Germany (-5.6%) illustrated a downward trend over the same period. Poland (+3.7 p.p.), Spain (+2.7 p.p.), Denmark (+2 p.p.) and the Netherlands (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Germany and Italy saw its share reduced by -4.1% and -8.9% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($1.9B), Germany ($1.7B) and the Netherlands ($572M) appeared to be the countries with the highest levels of exports in 2024, together comprising 57% of total exports. Poland, Austria, Spain, France, Belgium, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further 33%.

Among the main exporting countries, Poland, with a CAGR of +4.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Tube or pipe flanges, other than stainless steel (146K tons), tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (129K tons), iron or steel cast fittings, other than of non-malleable cast iron (96K tons) and tube or pipe butt welding fittings, other than stainless steel (71K tons) represented roughly 72% of total exports in 2024. It was distantly followed by tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (42K tons), tube or pipe flanges of stainless steel (40K tons) and tube or pipe threaded elbows, bends and sleeves, other than stainless steel (30K tons), together achieving an 18% share of total exports. Tube or pipe fittings of non-malleable cast iron (23K tons) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for tube or pipe threaded elbows, bends and sleeves of stainless steel (with a CAGR of +2.4%), while shipments for the other products experienced more modest paces of growth.

In value terms, tube or pipe fittings of non-stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($1.8B), tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($1.3B) and tube or pipe flanges, other than stainless steel ($821M) were the products with the highest levels of exports in 2024, together comprising 54% of total exports.

In terms of the main exported products, tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings, with a CAGR of +4.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

The export price in the European Union stood at $11,801 per ton in 2024, growing by 5.7% against the previous year. Export price indicated perceptible growth from 2013 to 2024: its price increased at an average annual rate of +3.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, iron or steel tube fitting export price increased by +69.2% against 2016 indices. The pace of growth appeared the most rapid in 2023 when the export price increased by 17%. The level of export peaked in 2024 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exported products. In 2024, the product with the highest price was tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings ($31,150 per ton), while the average price for exports of tube or pipe flanges, other than stainless steel ($5,602 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by tube or pipe fittings of stainless steel, other than flanges, elbows, bends, sleeves or butt welding fittings (+4.2%), while the other products experienced more modest paces of growth.

The export price in the European Union stood at $11,801 per ton in 2024, picking up by 5.7% against the previous year. Export price indicated measured growth from 2013 to 2024: its price increased at an average annual rate of +3.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, iron or steel tube fitting export price increased by +69.2% against 2016 indices. The pace of growth appeared the most rapid in 2023 an increase of 17% against the previous year. The level of export peaked in 2024 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Germany ($20,477 per ton), while Spain ($5,766 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel tube fitting in the EU. 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles