Asia: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Asia

The Asian market for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X in 2022, rising by 4.4% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -4.9% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Asia

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings expanded to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports in Asia

In 2022, after three years of growth, there was decline in overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings, when their volume decreased by -1.6% to X tons. Overall, exports, however, posted a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 27%. Over the period under review, the exports of reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings stood at $X in 2022. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates fittings structure, accounting for X tons, which was approx. 54% of total exports in 2022. It was distantly followed by South Korea (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons) and Turkey (X tons), together creating a 35% share of total exports. India (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, without fittings exports from China stood at +12.9%. At the same time, Vietnam (+16.7%), Taiwan (Chinese) (+11.5%), South Korea (+1.8%), Japan (+1.4%), India (+1.1%) and Turkey (+1.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.7% from 2012-2022. From 2012 to 2022, the share of China, Vietnam and Taiwan (Chinese) increased by +20, +3.2 and +1.9 percentage points, respectively.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, with a combined 79% share of total exports. Vietnam, Taiwan (Chinese), Turkey and India lagged somewhat behind, together accounting for a further 13%.

Among the main exporting countries, Vietnam, with a CAGR of +16.5%, recorded the highest growth rate of the value of exports, 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, increasing by 2.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.5%), while the other leaders experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports in Asia

In 2022, supplies from abroad of flexible tubes, pipes and hoses of plastics, without fittings decreased by -2% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 17% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings rose slightly to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +94.7% against 2012 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26%. 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, without fittings in 2022 were China (X tons), Thailand (X tons), Turkey (X tons), Japan (X tons), Vietnam (X tons), Singapore (X tons), Uzbekistan (X tons), India (X tons), Kazakhstan (X tons), South Korea (X tons), Saudi Arabia (X tons) and Israel (X tons), together finishing at 78% of total import. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +61.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, without fittings in Asia, comprising 34% of total imports. The second position in the ranking was held by Japan ($X), with a 9.8% share of total imports. It was followed by Turkey, with an 8.9% share.

In China, imports of flexible tubes, pipes and hoses of plastics, without fittings expanded at an average annual rate of +8.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+2.0% per year) and Turkey (+8.9% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, growing by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2017 when the import price increased by 18% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Japan (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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