Australia: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Australia

In 2022, the Australian market for flexible tubes, pipes and hoses of plastics, without fittings increased by 4.3% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Australia

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, without fittings were exported from Australia; falling by -2.8% on the previous year's figure. Overall, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +50.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings rose sharply to $X in 2022. Over the period under review, exports, however, posted a moderate increase. The growth pace was the most rapid in 2017 with an increase of 78%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

New Zealand (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Australia, with a 44% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+12.8% per year) and the United States (+14.3% per year).

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from Australia were the United States ($X), New Zealand ($X) and Indonesia ($X), with a combined 74% share of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +29.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, rising by 18% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flexible tubes, pipes and hoses of plastics, without fittings increased by +15.1% against 2015 indices. The pace of growth was the most pronounced in 2015 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Australia

In 2022, overseas purchases of flexible tubes, pipes and hoses of plastics, without fittings increased by 0.2% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings rose markedly to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +71.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, without fittings supplier to Australia, with a 46% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, without fittings from China exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+14.4% per year) and the United States (-10.1% per year).

In value terms, China ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Australia, comprising 46% of total imports. The second position in the ranking was taken by Greece ($X), with a 16% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+19.5% per year) and the United States (-6.2% per year).

Import Prices by Country

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, growing by 5.2% against the previous year. Overall, the import price saw strong growth. The most prominent rate of growth was recorded in 2018 an increase of 61%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($X per ton) and Vietnam ($X per ton), while the price for South Korea ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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