Asia: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Asia

In 2021, after three years of growth, there was decline in the Asian market for plastic fittings for tubes, pipes and hoses, when its value decreased by -0.4% to $X. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Asia

In value terms, production of plastic fittings for tubes, pipes and hoses fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 10% against the previous year. The level of production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Asia

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses increased by 29% to X tons, rising for the fifth year in a row after two years of decline. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.8% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of plastic fittings for tubes, pipes and hoses in Asia, with the volume of exports finishing at X tons, which was approx. 53% of total exports in 2021. It was distantly followed by Turkey (X tons), making up a 22% share of total exports. The following exporters - Japan (X tons), Israel (X tons), India (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), South Korea (X tons) and the United Arab Emirates (X tons) - together made up 16% of total exports.

China was also the fastest-growing in terms of the plastic fittings for tubes, pipes and hoses exports, with a CAGR of +7.8% from 2012 to 2021. At the same time, Turkey (+7.0%), Malaysia (+3.7%), South Korea (+3.0%) and Japan (+1.1%) displayed positive paces of growth. Taiwan (Chinese) and Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.3%) and India (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Turkey increased by +7.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic fittings for tubes, pipes and hoses supplier in Asia, comprising 41% of total exports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total exports. It was followed by Japan, with an 8.4% share.

In China, exports of plastic fittings for tubes, pipes and hoses expanded at an average annual rate of +8.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+6.3% per year) and Japan (+4.8% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2020 an increase of 7.4%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Asia

In 2021, imports of plastic fittings for tubes, pipes and hoses in Asia skyrocketed to X tons, rising by 25% against 2020. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of plastic fittings for tubes, pipes and hoses in 2021 were Saudi Arabia (X tons), Iraq (X tons), Japan (X tons) and South Korea (X tons), together finishing at 40% of total import. The United Arab Emirates (X tons) took the next position in the ranking, followed by the Philippines (X tons). All these countries together held approx. 9.7% share of total imports. China (X tons), Hong Kong SAR (X tons), Singapore (X tons), Thailand (X tons), Indonesia (X tons), India (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plastic fittings for tubes, pipes and hoses in Asia, comprising 23% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.5% share of total imports. It was followed by Japan, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +11.2%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+8.4% per year) and Japan (+2.2% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 7.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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