Asia-Pacific: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Asia-Pacific

The Asia-Pacific market for rigid tubes, pipes and hoses, of other polymers amounted to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Asia-Pacific

In value terms, production of rigid tubes, pipes and hoses, of other polymers rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports in Asia-Pacific

Exports of rigid tubes, pipes and hoses, of other polymers surged to X tons in 2022, growing by 21% against the previous year. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers reached $X in 2022. The total export value 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 in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 14% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

China was the main exporter of rigid tubes, pipes and hoses, of other polymers in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. 61% of total exports in 2022. Vietnam (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (6.9%). South Korea (X tons), Taiwan (Chinese) (X tons), India (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 rigid tubes, pipes and hoses, of other polymers exports from China stood at +3.4%. At the same time, Vietnam (+33.6%), Taiwan (Chinese) (+4.8%), Indonesia (+2.3%) and Thailand (+1.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +33.6% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, India (-4.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and China increased by +12 and +5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest rigid tubes, pipes and hoses, of other polymers supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was held by Thailand ($X), with a 9.2% share of total exports. It was followed by Vietnam, with a 6.8% share.

In China, exports of rigid tubes, pipes and hoses, of other polymers increased at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+8.3% per year) and Vietnam (+10.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, dropping by -10.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 9.8%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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 South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the other leaders experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports in Asia-Pacific

In 2022, approx. X tons of rigid tubes, pipes and hoses, of other polymers were imported in Asia-Pacific; with a decrease of -12.6% compared with 2021. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% 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 +4.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 34% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers dropped to $X in 2022. The total import value increased at an average annual rate of +3.2% 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 2018 when imports increased by 33%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons), China (X tons), Hong Kong SAR (X tons), Australia (X tons), the Philippines (X tons), Thailand (X tons), India (X tons) and Indonesia (X tons) was the major importer of rigid tubes, pipes and hoses, of other polymers in Asia-Pacific, creating 65% of total import. The following importers - Japan (X tons), Singapore (X tons), Vietnam (X tons), Myanmar (X tons) and Cambodia (X tons) - together made up 17% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rigid tubes, pipes and hoses, of other polymers in Asia-Pacific, comprising 29% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +6.3%. In the other countries, the average annual rates were as follows: Japan (+5.9% per year) and India (+7.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by 6.6% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 rigid tubes, pipes and hoses, of other polymers increased by +72.0% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 31%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Japan ($X per ton), while Myanmar ($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 (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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