Asia: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Asia

After two years of decline, the Asian ethylene polymer rigid pipes market increased by 3.5% to $X in 2021. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Asia

In value terms, ethylene polymer rigid pipes production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in Asia

Ethylene polymer rigid pipes exports surged to X tons in 2021, growing by 33% against the previous year's figure. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.2% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer rigid pipes exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X tons, which reached 37% of total exports. Turkey (X tons) ranks second in terms of the total exports with a 22% share, followed by India (7.3%) and Turkmenistan (6.6%). Oman (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Thailand (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkmenistan (with a CAGR of +182.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest ethylene polymer rigid pipes supplier in Asia, comprising 44% of total exports. The second position in the ranking was held by Turkey ($X), with a 17% share of total exports. It was followed by India, with a 6.7% share.

In China, ethylene polymer rigid pipes exports expanded at an average annual rate of +9.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-2.0% per year) and India (-0.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 2.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 9%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in Asia

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported in Asia; surging by 11% compared with the year before. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, ethylene polymer rigid pipes imports shrank slightly to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 29%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons) and Iraq (X tons) represented roughly 28% of total imports in 2021. The Philippines (X tons) ranks next in terms of the total imports with a 6.5% share, followed by Bangladesh (4.8%). Sri Lanka (X tons), Georgia (X tons), Kazakhstan (X tons), Saudi Arabia (X tons), Uzbekistan (X tons), the United Arab Emirates (X tons), Indonesia (X tons), India (X tons) and Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes importing markets in Asia were Turkey ($X), Iraq ($X) and the Philippines ($X), with a combined 26% share of total imports. These countries were followed by Bangladesh, Sri Lanka, India, Uzbekistan, Kazakhstan, the United Arab Emirates, Saudi Arabia, Indonesia, Georgia and Turkmenistan, which together accounted for a further 31%.

Uzbekistan, with a CAGR of +35.8%, saw the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2021, with a decrease of -10.6% against the previous year. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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