Argentina: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Argentina

In 2021, the Argentinian market for plastic fittings for tubes, pipes and hoses increased by 4.8% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Argentina

In value terms, production of plastic fittings for tubes, pipes and hoses expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 7.9%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Argentina

In 2021, the amount of plastic fittings for tubes, pipes and hoses exported from Argentina declined to X tons, shrinking by -3.1% against 2020. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by 7% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. In general, exports saw a abrupt decline. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Bolivia (X tons) and Peru (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Argentina, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +5.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Uruguay ($X), Bolivia ($X) and Brazil ($X) were the largest markets for plastic fittings for tubes, pipes and hoses exported from Argentina worldwide, together comprising 60% of total exports.

Bolivia, with a CAGR of +4.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, picking up by 23% against the previous year. Overall, the export price, however, recorded a slight shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Argentina

In 2021, imports of plastic fittings for tubes, pipes and hoses into Argentina surged to X tons, rising by 43% against 2020. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 +60.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest plastic fittings for tubes, pipes and hoses supplier to Argentina, with a 44% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.9% per year) and Spain (+1.7% per year).

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Argentina were China ($X), Brazil ($X) and Italy ($X), with a combined 56% share of total imports.

China, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, increasing by 1.7% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of 9.8%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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