Asia-Pacific: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2025

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

The Asia-Pacific market for flexible tubes, pipes and hoses of plastics, without fittings was estimated at $X in 2022, surging by 5.9% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 -6.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings amounted to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -5.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

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

Exports in Asia-Pacific

In 2022, after ten years of growth, there was decline in overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings, when their volume decreased by -1.8% to X tons. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The volume of export peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings stood at $X in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China was the major exporting country with an export of about X tons, which resulted at 59% of total exports. South Korea (X tons) ranks second in terms of the total exports with an 11% share, followed by Japan (8.9%), Taiwan (Chinese) (7.2%) and Vietnam (6.4%). The following exporters - India (X tons) and Malaysia (X tons) - each resulted at a 3.6% 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%), Malaysia (+15.3%), Taiwan (Chinese) (+11.5%), South Korea (+1.8%), Japan (+1.4%) and India (+1.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +16.7% from 2012-2022. While the share of China (+18 p.p.), Vietnam (+3.2 p.p.) and Taiwan (Chinese) (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-2.1 p.p.), Japan (-9.1 p.p.) and South Korea (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 82% share of total exports. Vietnam, Taiwan (Chinese), India and Malaysia lagged somewhat behind, together comprising a further 12%.

Vietnam, with a CAGR of +16.5%, 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

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 2.6% against the previous year. In general, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 11%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Malaysia ($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-Pacific

After three years of growth, purchases abroad of flexible tubes, pipes and hoses of plastics, without fittings decreased by -7.4% to X tons in 2022. The total import volume increased at an average annual rate of +3.2% 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 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings amounted to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +85.4% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons) and Thailand (X tons) were the key importers of flexible tubes, pipes and hoses of plastics, without fittings in 2022, reaching approx. 18% and 17% of total imports, respectively. Australia (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Japan (9.7%), Vietnam (8%), Singapore (7.2%), New Zealand (7%) and India (4.7%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, without fittings in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Australia, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +8.2%. In the other countries, the average annual rates were as follows: Japan (+2.0% per year) and Australia (+4.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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