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

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

The Asia-Pacific market for rigid tubes, pipes and hoses of polymers of vinyl chloride fell to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the market value increased by 7.5%. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, vinyl chloride polymer rigid pipes production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.3% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in Asia-Pacific

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride exported in Asia-Pacific rose notably to X tons, with an increase of 10% on the year before. The total export volume increased at an average annual rate of +3.8% 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 2021 with an increase of 23%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +54.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) represented the key exporter of rigid tubes, pipes and hoses of polymers of vinyl chloride, mixing up 52% of total exports. India (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons) and the Philippines (X tons). All these countries together held near 36% share of total exports. South Korea (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, the Philippines (+102.6%), Taiwan (Chinese) (+28.4%), India (+10.8%), South Korea (+9.4%) and Malaysia (+2.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +102.6% from 2012-2022. By contrast, Thailand (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, the Philippines and Taiwan (Chinese) increased by +9, +7.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vinyl chloride polymer rigid pipes supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by the Philippines, with a 9.9% share.

In China, vinyl chloride polymer rigid pipes exports expanded at an average annual rate of +4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+12.6% per year) and the Philippines (+106.9% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by 6.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 when the export price increased by 11%. The level of export peaked in 2022 and is likely to see gradual 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 the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.5%), while the other leaders experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in Asia-Pacific

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 2.4% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.1% 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 2021 with an increase of 18% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, vinyl chloride polymer rigid pipes imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +4.7% 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 2021 with an increase of 25% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Singapore (X tons) and Hong Kong SAR (X tons) were the major importers of rigid tubes, pipes and hoses of polymers of vinyl chloride in 2022, recording near 20% and 13% of total imports, respectively. Australia (X tons) took the next position in the ranking, followed by Indonesia (X tons), Vietnam (X tons), Thailand (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons). All these countries together took near 34% share of total imports. The following importers - China (X tons), Cambodia (X tons), Malaysia (X tons), Maldives (X tons) and New Zealand (X tons) - each recorded a 15% 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 Lao People's Democratic Republic (with a CAGR of +64.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 34% share of total imports. Hong Kong SAR, Indonesia, Vietnam, Malaysia, Thailand, Cambodia, New Zealand, Lao People's Democratic Republic, Maldives and Myanmar lagged somewhat behind, together comprising a further 45%.

Lao People's Democratic Republic, with a CAGR of +53.3%, 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by 5.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 5.9%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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