The market size for copper tubes and pipes in Finland has shown considerable fluctuations over the past decade. From 2012 to 2022, the market experienced a decline from €68.209 million to €53.811 million, reflecting an overall downward trend with some intermittent recoveries. The significant dip in 2013 saw a 19.29% year-on-year decrease, the most dramatic within the period, and another noticeable drop appeared in 2019 with a 10.97% decline. Between 2016 and 2018, a resurgence was observed with a positive CAGR reaching 3.01%, but this was not sustained in following years.
In recent years, specifically from 2020 to 2022, the market demonstrated steadier, though still fluctuating, performance. The year-on-year variations were minor with a modest upward movement in 2021 and a slight decline in 2022. The last five-year period (2018-2022) resulted in a negative average annual growth rate (CAGR) of -1.97%, underlining the market's struggle to regain significant growth momentum. In 2023, the market value remained stable, reflecting the static nature of the market in recent years.
Looking forward, market players should monitor several trends. These include advancements in manufacturing technology for higher efficiency and quality, the impact of regulatory changes favoring sustainable materials, and potential shifts in demand driven by construction and industrial applications. Environmental regulations and the drive towards energy-efficient solutions might also influence market dynamics significantly.
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 540,210,000 | 2023 | -4.22% | -4.84% | View data |
| 2 | 2 Italy | 398,960,000 | 2023 | -4.71% | -4.63% | View data |
| 3 | 3 Spain | 222,230,000 | 2023 | -1% | -1.96% | View data |
| 4 | 4 United Kingdom | 208,480,000 | 2023 | +1.19% | +2.29% | View data |
| 5 | 5 Poland | 162,370,000 | 2023 | -2.56% | -4.23% | View data |
| 8 | 8 Sweden | 63,563,000 | 2023 | -9.2% | -7.37% | View data |
| 9 | 9 Greece | 61,207,000 | 2023 | +1.48% | +2.96% | View data |
| 10 | 10 Finland | 52,478,000 | 2023 | -1.65% | -3.85% | |
| 11 | 11 Denmark | 21,507,000 | 2023 | -0.78% | -2.29% | View data |
