Asia: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Asia

The Asian market for other plastic tubes, pipes and hoses was estimated at $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -4.7% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Asia

In value terms, production of other plastic tubes, pipes and hoses reduced modestly to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +0.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports in Asia

After two years of growth, shipments abroad of other plastic tubes, pipes and hoses decreased by -5.2% to X tons in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +22.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 25% against the previous year. 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 other plastic tubes, pipes and hoses amounted to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +30.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China dominates hoses structure, resulting at X tons, which was approx. 69% of total exports in 2022. It was distantly followed by Turkey (X tons) and Taiwan (Chinese) (X tons), together generating a 12% share of total exports. South Korea (X tons), Israel (X tons), the United Arab Emirates (X tons) and Vietnam (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to other plastic tubes, pipes and hoses exports from China stood at +8.3%. At the same time, Vietnam (+31.8%), the United Arab Emirates (+11.7%), Israel (+9.1%), Taiwan (Chinese) (+4.6%) and Turkey (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +31.8% from 2012-2022. South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Vietnam increased by +14 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest other plastic tubes, pipes and hoses supplier in Asia, comprising 68% of total exports. The second position in the ranking was held by Turkey ($X), with a 5.2% share of total exports. It was followed by Taiwan (Chinese), with a 4.8% share.

In China, exports of other plastic tubes, pipes and hoses expanded at an average annual rate of +10.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+3.2% per year) and Taiwan (Chinese) (+4.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, increasing by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2016 an increase of 12%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%), while the other leaders experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports in Asia

In 2022, purchases abroad of other plastic tubes, pipes and hoses decreased by -2.1% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, imports reached the peak of X tons, and then declined modestly in the following year.

In value terms, imports of other plastic tubes, pipes and hoses amounted to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The purchases of the twelve major importers of other plastic tubes, pipes and hoses, namely Iraq, Indonesia, China, the United Arab Emirates, Thailand, Vietnam, Singapore, India, Saudi Arabia, Turkey, Japan and South Korea, represented more than two-thirds of total import. Kazakhstan (X tons) held a relatively small 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 Indonesia (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported other plastic tubes, pipes and hoses in Asia, comprising 18% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8.7% share of total imports. It was followed by Thailand, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+8.8% per year) and Thailand (+2.3% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 5.8% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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