Asia: 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 Asia

The Asian market for flexible tubes, pipes and hoses of plastics, with fittings contracted to $X in 2022, dropping by -1.7% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings declined modestly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports in Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -12.7% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings soared 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 +111.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 32% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China was the major exporting country with an export of about X tons, which finished at 69% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), comprising a 13% share of total exports. Singapore (X tons), Israel (X tons), South Korea (X tons) and Thailand (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, with fittings exports from China stood at +2.0%. At the same time, South Korea (+16.7%), Singapore (+16.1%), Thailand (+11.7%) and Taiwan (Chinese) (+7.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.7% from 2012-2022. By contrast, Israel (-5.6%) illustrated a downward trend over the same period. China (+7.8 p.p.), Taiwan (Chinese) (+5.9 p.p.), Singapore (+2.4 p.p.) and South Korea (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flexible tubes, pipes and hoses of plastics, with fittings supplying countries in Asia were China ($X), Singapore ($X) and Taiwan (Chinese) ($X), together accounting for 78% of total exports.

Singapore, with a CAGR of +42.9%, recorded the highest growth rate of the value of exports, among 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 Asia stood at $X per ton in 2022, growing by 44% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flexible tubes, pipes and hoses of plastics, with fittings increased by +90.0% against 2012 indices. 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 ($X per ton), while Israel ($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 Asia

Imports of flexible tubes, pipes and hoses of plastics, with fittings stood at X tons in 2022, picking up by 3.7% on the previous year. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings amounted to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +79.0% against 2014 indices. The pace of growth was the most pronounced in 2013 with an increase of 17%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X tons), distantly followed by Vietnam (X tons), Japan (X tons), Singapore (X tons), Indonesia (X tons) and China (X tons) represented the major importers of flexible tubes, pipes and hoses of plastics, with fittings, together comprising 52% of total imports. The following importers - South Korea (X tons), Israel (X tons), Turkey (X tons), Thailand (X tons), Uzbekistan (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) - together made up 24% of total imports.

Imports into Saudi Arabia increased at an average annual rate of +24.6% from 2012 to 2022. At the same time, Uzbekistan (+44.3%), Thailand (+12.5%), Vietnam (+11.2%), South Korea (+10.0%), Indonesia (+8.8%), Singapore (+7.9%), Israel (+4.3%), Taiwan (Chinese) (+3.2%) and Japan (+2.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +44.3% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, China (-1.3%) and Turkey (-10.2%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+16 p.p.), Vietnam (+5.3 p.p.), Singapore (+3.6 p.p.), Uzbekistan (+3 p.p.), Indonesia (+2.8 p.p.), South Korea (+2.6 p.p.) and Thailand (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. South Korea, Saudi Arabia, Taiwan (Chinese), Turkey, Vietnam, Thailand, Israel, Malaysia, Indonesia and Uzbekistan lagged somewhat behind, together comprising a further 39%.

In terms of the main importing countries, Uzbekistan, with a CAGR of +37.4%, recorded 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 Asia amounted to $X per ton, shrinking by -1.9% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +63.1% against 2012 indices. The growth pace was the most rapid in 2013 an increase of 16%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Uzbekistan ($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 (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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