Asia: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Asia

The Asian market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X in 2021, approximately equating the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in Asia

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa expanded notably to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports in Asia

In 2021, shipments abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by Turkey (X tons), Saudi Arabia (X tons), Malaysia (X tons), South Korea (X tons), Hong Kong SAR (X tons) and India (X tons) represented the largest exporters of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +4.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa supplier in Asia, comprising 45% of total exports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total exports. It was followed by Malaysia, with an 8.2% share.

In China, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased at an average annual rate of +7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (-0.1% per year) and Malaysia (+15.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.5%), while the other leaders experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports in Asia

Imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa expanded sharply to X tons in 2021, growing by 8.9% on 2020 figures. Overall, imports, however, showed a slight decline. The pace of growth was the most pronounced in 2015 with an increase of 17% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations 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, Yemen (X tons), distantly followed by Iraq (X tons), the Philippines (X tons), Hong Kong SAR (X tons), Vietnam (X tons) and China (X tons) represented the largest importers of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa, together constituting 56% of total imports. The United Arab Emirates (X tons), Myanmar (X tons), Lao People's Democratic Republic (X tons), Syrian Arab Republic (X tons), Kuwait (X tons), Singapore (X tons) and Indonesia (X tons) held a little share of total imports.

Imports into Yemen increased at an average annual rate of +27.2% from 2012 to 2021. At the same time, Syrian Arab Republic (+39.0%), the Philippines (+31.2%), Lao People's Democratic Republic (+21.8%), Vietnam (+16.1%), Myanmar (+12.5%), Indonesia (+1.4%) and China (+1.1%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in Asia, with a CAGR of +39.0% from 2012-2021. By contrast, Kuwait (-1.8%), Singapore (-2.2%), Hong Kong SAR (-4.3%), the United Arab Emirates (-4.9%) and Iraq (-12.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Yemen, the Philippines, Vietnam, Lao People's Democratic Republic, Syrian Arab Republic and Myanmar increased by +18, +8.3, +4.8, +3, +3 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa in Asia, comprising 31% of total imports. The second position in the ranking was held by Vietnam ($X), with an 8% share of total imports. It was followed by Hong Kong SAR, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +4.2%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+22.1% per year) and Hong Kong SAR (-1.6% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, leveling off at the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2016 when the import price increased by 19% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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