Asia-Pacific: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Asia-Pacific

The Asia-Pacific market for plastics pipes and pipe fittings expanded modestly to $X in 2022, picking up by 1.8% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Asia-Pacific

In value terms, plastics pipe and pipe fitting production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 22%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports in Asia-Pacific

Plastics pipe and pipe fitting exports rose rapidly to X tons in 2022, with an increase of 8.1% on 2021 figures. Total exports indicated a measured increase from 2012 to 2022: its volume 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, exports increased by +31.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 21%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, plastics pipe and pipe fitting exports totaled $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +73.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 64% of total exports in 2022. India (X tons) took a 9.4% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (5%). Malaysia (X tons), Vietnam (X tons), the Philippines (X tons), Thailand (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastics pipe and pipe fitting exports from China stood at +5.4%. At the same time, the Philippines (+50.1%), Vietnam (+20.7%), South Korea (+7.4%), India (+6.0%), Taiwan (Chinese) (+5.3%), Indonesia (+2.0%) and Malaysia (+1.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +50.1% from 2012-2022. Thailand experienced a relatively flat trend pattern. While the share of the Philippines (+3.2 p.p.), China (+3 p.p.) and Vietnam (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-1.5 p.p.) and Thailand (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastics pipe and pipe fitting supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was taken by India ($X), with a 6.1% share of total exports. It was followed by South Korea, with a 4.8% share.

In China, plastics pipe and pipe fitting exports expanded at an average annual rate of +7.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.3% per year) and South Korea (+5.2% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 when the export price increased by 9.1% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in Asia-Pacific

In 2022, the amount of plastics pipes and pipe fittings imported in Asia-Pacific dropped to X tons, with a decrease of -3.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.7% 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 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, plastics pipe and pipe fitting imports amounted to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +13.6% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia (X tons), Singapore (X tons), China (X tons), Hong Kong SAR (X tons), Indonesia (X tons), the Philippines (X tons), Thailand (X tons), Vietnam (X tons), India (X tons), Japan (X tons), Bangladesh (X tons) and Malaysia (X tons) represented roughly 73% of total imports in 2022. Cambodia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plastics pipes and pipe fittings in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was held by Australia ($X), with a 9.2% share of total imports. It was followed by Japan, with an 8.4% share.

In China, plastics pipe and pipe fitting imports expanded at an average annual rate of +7.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+3.4% per year) and Japan (+1.3% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 9.7% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while Hong Kong SAR ($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 (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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