ASEAN: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in ASEAN

In 2022, the ASEAN market for flexible tubes, pipes and hoses of plastics, with fittings decreased by -4.3% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in ASEAN

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports in ASEAN

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings exported in ASEAN soared to X tons, jumping by 19% compared with 2021 figures. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings surged to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Singapore (X tons) was the largest exporter of flexible tubes, pipes and hoses of plastics, with fittings, making up 43% of total exports. Thailand (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons), Vietnam (X tons) and Indonesia (X tons). All these countries together held near 56% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +60.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in ASEAN, comprising 86% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 8.6% share of total exports. It was followed by Thailand, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to +42.9%. In the other countries, the average annual rates were as follows: Malaysia (+32.6% per year) and Thailand (+21.1% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by 223% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+23.1%), while the other leaders experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports in ASEAN

In 2022, imports of flexible tubes, pipes and hoses of plastics, with fittings in ASEAN shrank to X tons, with a decrease of -9.7% against 2021. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 when imports increased by 62% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings expanded sharply to $X in 2022. Overall, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 47%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of imports of flexible tubes, pipes and hoses of plastics, with fittings in 2022 were Vietnam (X tons), Singapore (X tons) and Indonesia (X tons), together recording 72% of total import. Thailand (X tons) ranks next in terms of the total imports with an 11% share, followed by Malaysia (9.5%). The Philippines (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +12.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in ASEAN, comprising 57% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 20% share of total imports. It was followed by Thailand, with a 7.8% share.

In Singapore, imports of flexible tubes, pipes and hoses of plastics, with fittings increased at an average annual rate of +18.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+20.5% per year) and Thailand (+7.6% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, growing by 21% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flexible tubes, pipes and hoses of plastics, with fittings increased by +42.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform