Iron or steel tube or pipe fittings including couplings, elbows and sleeves market in Estonia

Earlier Report Observations

The Estonian market for iron or steel tube or pipe fittings showed considerable volatility between 2018 and 2024. It grew by 7.5% in 2019 to 41.2 million USD, then contracted sharply by 20% in 2020 to 33.1 million USD. A strong rebound of 36% followed in 2021, pushing the market value to 45 million USD.

After reaching a peak of 45.6 million USD in 2022, the market entered a downward phase, declining by 19% in 2023 to 37 million USD. A slight further decrease in 2024 brought the market to 36.5 million USD, a level close to its 2018 starting point.

Production iron or steel tube or pipe fittings in Estonia

In value, 2018-2021, K $ US

In 2021, Estonia's production of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, was valued at 43 284 thousand US dollars. This marked a sharp increase of 25.3% compared to 2020. Over the period from 2018 to 2021, production grew by 25.5%, which translates to an annualized growth rate of 7.9%. The largest decline occurred in 2020, with a drop of 3.8%.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

In kind, 2018-2021, t

The data shows irregular changes, indicating a volatile market environment. Production reached its lowest point in 2018 and peaked in 2019, with a 2.6-fold difference between these years. In 2021, Estonia produced 12 525 tonnes of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, which is 4.0% higher than the previous year. The maximum production volume was recorded in 2019 at 14 027 tonnes. The largest decline occurred in 2020, with a decrease of 14.1%, while the largest increase was in 2019, with a jump of 159.5%.

Annual dynamics of production in Estonia in kind, 2018-2021, t

Exports iron or steel tube or pipe fittings from Estonia

Exports in kind, t

After two consecutive years of growth, exports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, from Estonia declined. In 2021, Estonia exported 5 053 tonnes of these products, which is 1.6% less than the previous year. Over the period from 2018 to 2021, exports increased by 37.9%, with a compound annual growth rate of 11.3%. The maximum export volume was recorded in 2020 at 5 135 tonnes, and the largest increase occurred in 2020, with a rise of 23.3%.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, t

From 2018 to 2021, the main destinations for Estonia's exports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, were Finland, Sweden, and Lithuania. Finland accounted for 68.8% of exports in kind, Sweden for 11.1%, and Lithuania for 5.0%. Together, these three countries represented 84.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

Exports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, from Estonia increased for the third consecutive year. In 2021, exports reached 30 517 thousand US dollars, showing a strong increase of 14.6% compared to the previous year. Between 2018 and 2021, exports grew by 43.5%, equating to an annualized growth rate of 12.8%.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

From 2018 to 2021, the primary destinations for Estonia's exports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, in value terms were Finland, Sweden, and Russia. Finland accounted for 55.0% of exports in value, Sweden for 14.1%, and Russia for 11.2%. Together, these three countries absorbed 80.3% of total export value, making them the main export directions.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports iron or steel tube or pipe fittings to Estonia

Imports in kind, t

In 2021, Estonia's imports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, reached 4 258 tonnes, up by 9.6% compared to 2020. Over the period from 2018 to 2021, imports increased by 13.1%, with a compound annual growth rate of 4.2%. The maximum import volume was recorded in 2019 at 4 793 tonnes. The largest decline occurred in 2020, with a drop of 18.9%, while the largest increase was in 2019, with a rise of 27.2%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, t

During 2018 to 2021, Estonia's imports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, came from many different markets. Even the largest suppliers—Sweden, Finland, and China—together represented only 40.6% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

In 2021, Estonia's imports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, from abroad totaled 32 218 thousand US dollars, representing a 28.0% improvement year-over-year. Over the period from 2018 to 2021, imports increased by 28.1%, with a compound annual growth rate of 8.6%. The largest decline occurred in 2020, with a decrease of 16.7%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

From 2018 to 2021, the partner landscape for Estonia's imports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, in value terms was diverse. Finland accounted for 16.1% of imports in value, Sweden for 12.5%, and Italy for 12.4%. Together, these three countries formed only 41.0% of total import flows, with the remaining 59.0% coming from many other countries.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021