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Apr 07, 2025

European Union's Iron and Steel Tube or Pipe Fittings Market to Grow at +1.1% CAGR, Reaching $9.6B by 2035 - News and Statistics - IndexBox

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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 market for tube or pipe fittings made of iron or steel is anticipated to continue growing with a projected 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 to hit $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, the amount of tube or pipe fittings (of iron or steel) consumed in the European Union skyrocketed to 1M tons, picking up by 37% on the previous year. The total consumption indicated a measured increase from 2013 to 2024: its volume increased at an average annual rate of +3.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -17.5% against 2022 indices. The volume of consumption peaked at 1.2M tons in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The value of the market for tube or pipe fittings (of iron or steel) in the European Union surged to $7.8B in 2024, with an increase of 89% 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). Over the period under review, consumption saw measured growth. The level of consumption peaked at $11.7B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

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 biggest increases were recorded for Finland (with a CAGR of +26.1%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting markets in the European Union were Italy ($1.8B), Finland ($1.8B) and Germany ($1.4B), together comprising 65% of the total market.

Finland, with a CAGR of +26.3%, saw 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 expanded at an average annual rate of +25.9% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+7.4% per year) and Italy (+7.0% per year).

In 2024, approx. 917K tons of tube or pipe fittings (of iron or steel) were produced in the European Union; growing by 35% against 2023 figures. In general, production recorded a relatively flat trend pattern. Over the period under review, production reached the peak volume at 1.2M tons in 2022; however, from 2023 to 2024, production failed to regain momentum.

In value terms, iron or steel tube fitting production surged to $8.3B in 2024 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production attained the maximum level at $12.7B in 2022; however, from 2023 to 2024, production failed to regain momentum.

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

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Finland (with a CAGR of +37.7%), while production for the other leaders experienced more modest paces of growth.

In 2024, supplies from abroad of tube or pipe fittings (of iron or steel) decreased by -16.4% to 728K tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. The volume of import peaked at 963K tons in 2022; however, from 2023 to 2024, imports failed to regain momentum.

In value terms, iron or steel tube fitting imports fell markedly to $5.7B in 2024. Total imports indicated a modest expansion 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 pace of growth was the most pronounced in 2021 with an increase of 22%. Over the period under review, imports reached the peak figure at $7.5B in 2023, and then fell dramatically in the following year.

Germany (120K tons), Spain (90K tons), the Netherlands (82K tons), Italy (72K tons), France (64K tons), Poland (48K tons), Belgium (35K tons), Denmark (32K tons) and the Czech Republic (27K tons) represented roughly 78% of total imports in 2024. Austria (24K tons) held a minor share of total imports.

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 held 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. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+0.9% per year) and France (-0.0% per year).

In 2024, 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) represented the key type of tube or pipe fittings (of iron or steel) in the European Union, achieving 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 of stainless steel (8.6%), tube or pipe fittings of stainless steel other than flanges, elbows, bends, sleeves or butt welding fittings (8.1%) and iron or steel cast fittings of non-malleable cast iron (5.9%).

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the key 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, 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) appeared to be the products with the highest levels of imports in 2024, with a combined 54% share 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%, saw the highest rates of growth with regard to 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 $7,866 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 +1.1%. The pace of growth was the most pronounced in 2021 an increase of 14%. The level of import peaked at $8,549 per ton in 2023, and then reduced in the following year.

Prices varied noticeably by the product type; the product with the highest price was tube or pipe threaded elbows, bends and sleeves of stainless steel ($25,499 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.

In 2024, the import price in the European Union amounted to $7,866 per ton, dropping by -8% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the import price increased by 14%. Over the period under review, import prices attained the maximum at $8,549 per ton in 2023, and then declined in the following year.

Prices varied noticeably by country of destination: 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 (+3.8%), 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 year in a row after two years of growth. In general, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 6.2% against the previous year. Over the period under review, the exports reached the peak figure at 916K tons in 2018; however, from 2019 to 2024, the exports remained at a lower figure.

In value terms, iron or steel tube fitting exports declined markedly to $7.3B in 2024. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. The level of export peaked at $8.9B in 2023, and then shrank dramatically 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 major exporters of tube or pipe fittings (of iron or steel), together committing 72% of total exports. France (27K tons), Belgium (23K tons), Denmark (21K tons) and the Czech Republic (21K tons) followed a long way behind the leaders.

Exports from Italy decreased at an average annual rate of -5.8% from 2013 to 2024. 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. From 2013 to 2024, the share of Poland, Spain, Denmark and the Netherlands increased by +3.7, +2.7, +2 and +1.5 percentage points, 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) were the countries with the highest levels of exports in 2024, together accounting for 57% of total exports. Poland, Austria, Spain, France, Belgium, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further 33%.

Poland, with a CAGR of +4.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 of stainless steel (71K tons) represented roughly 72% of total exports in 2024. Tube or pipe fittings of stainless steel other than flanges, elbows, bends, sleeves or butt welding fittings (42K tons) held the next position in the ranking, followed by tube or pipe flanges of stainless steel (40K tons) and tube or pipe threaded elbows, bends and sleeves other than of stainless steel (30K tons). All these products together held near 18% share of total exports. Iron or steel cast fittings of non-malleable cast iron (23K tons) held a relatively small share of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the key exported products, was attained by tube or pipe threaded elbows, bends and sleeves of stainless steel (with a CAGR of +2.4%), while 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) appeared to be the products with the highest levels of exports in 2024, with a combined 54% share of total exports.

Tube or pipe fittings of stainless steel other than flanges, elbows, bends, sleeves or butt welding fittings, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of exports, among the main exported products 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 $11,802 per ton in 2024, picking up by 5.7% against the previous year. Export price indicated notable 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 +67.6% against 2016 indices. The pace of growth was the most pronounced in 2023 when the export price increased by 17% against the previous year. The level of export peaked in 2024 and is expected to retain growth in the near future.

Prices varied noticeably by the product type; the product with the highest price was tube or pipe fittings of stainless steel other than flanges, elbows, bends, sleeves or butt welding fittings ($31,138 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.

In 2024, the export price in the European Union amounted to $11,802 per ton, growing by 5.7% against the previous year. Export price indicated a notable expansion 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 +67.6% against 2016 indices. The most prominent rate of growth was recorded in 2023 an increase of 17% against the previous year. The level of export peaked in 2024 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: 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 (+5.5%), 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.

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The Largest Importers on The Market and How They Succeed

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