Asia-Pacific: 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-Pacific

The Asia-Pacific market for flexible tubes, pipes and hoses of plastics, with fittings dropped to $X in 2022, shrinking by -1.7% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -6.1% against 2019 indices. The level of consumption peaked 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-Pacific

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings dropped modestly to $X in 2022 estimated in export price. The total production indicated a prominent 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, production decreased by -4.4% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 23%. Over the period under review, production of reached the peak level 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-Pacific

After five years of growth, overseas shipments of flexible tubes, pipes and hoses of plastics, with fittings decreased by -14.2% to X tons in 2022. The total export volume increased at an average annual rate of +2.8% over the period 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 2013 when exports increased by 35%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings surged to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 37%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, China (X tons) represented the key exporter of flexible tubes, pipes and hoses of plastics, with fittings, making up 73% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 13% share of total exports. Singapore (X tons), South Korea (X tons) and Thailand (X tons) held a relatively small 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-Pacific, with a CAGR of +16.7% from 2012-2022. From 2012 to 2022, the share of Taiwan (Chinese), Singapore and South Korea increased by +4.7, +2.4 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2022, with a combined 80% share of total exports.

Singapore, with a CAGR of +42.9%, saw the highest rates of growth with regard to 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by 47% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price 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, export price for flexible tubes, pipes and hoses of plastics, with fittings increased by +83.3% against 2014 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while Thailand ($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-Pacific

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings imported in Asia-Pacific dropped slightly to X tons, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 24% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings amounted to $X in 2022. In general, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The countries with the highest levels of imports of flexible tubes, pipes and hoses of plastics, with fittings in 2022 were Australia (X tons), Vietnam (X tons), Japan (X tons), Singapore (X tons), Indonesia (X tons), China (X tons), South Korea (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), India (X tons) and Bangladesh (X tons), together amounting to 91% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flexible tubes, pipes and hoses of plastics, with fittings importing markets in Asia-Pacific were China ($X), Singapore ($X) and Japan ($X), with a combined 54% share of total imports. South Korea, Australia, Taiwan (Chinese), Vietnam, India, Thailand, Malaysia, Indonesia and Bangladesh lagged somewhat behind, together comprising a further 42%.

Bangladesh, with a CAGR of +23.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 5.1% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +61.6% against 2012 indices. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($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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