ASEAN: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in ASEAN

The ASEAN market for plastics pipes and pipe fittings reduced modestly to $X in 2022, leveling off at the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value 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, consumption decreased by -2.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in ASEAN

In value terms, plastics pipe and pipe fitting production totaled $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports in ASEAN

In 2022, overseas shipments of plastics pipes and pipe fittings increased by 21% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastics pipe and pipe fitting exports reduced to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Malaysia (X tons), Vietnam (X tons), the Philippines (X tons) and Thailand (X tons) represented roughly 84% of total exports in 2022. Indonesia (X tons) held the next position in the ranking, followed by Singapore (X tons). All these countries together took near 16% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +50.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 68% of total exports.

The Philippines, with a CAGR of +43.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, shrinking by -25.5% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 26% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then fell notably in the following year.

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 (+7.1%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in ASEAN

In 2022, purchases abroad of plastics pipes and pipe fittings increased by 2.7% to X tons, rising for the second year in a row after two years of decline. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 27%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, plastics pipe and pipe fitting imports reached $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 30% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the nine major importers of plastics pipes and pipe fittings, namely Singapore, Indonesia, the Philippines, Thailand, Vietnam, Malaysia, Cambodia, Myanmar and Lao People's Democratic Republic, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Thailand ($X), together accounting for 59% of total imports. Vietnam, the Philippines, Malaysia, Cambodia, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together comprising a further 41%.

Among the main importing countries, Cambodia, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of 8.1% against the previous year. Overall, the import price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform