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

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

In 2021, the Belgian market for plastic fittings for tubes, pipes and hoses increased by 36% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded resilient growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

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

In value terms, production of plastic fittings for tubes, pipes and hoses soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +101.3% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Belgium

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses increased by 33% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 85%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Belgium, with a combined 67% share of total exports. These countries were followed by Luxembourg, Germany, Italy and Denmark, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +24.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Belgium, comprising 32% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by the UK, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.4% per year) and the UK (+5.4% per year).

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 22% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Belgium

In 2021, imports of plastic fittings for tubes, pipes and hoses into Belgium soared to X tons, rising by 53% against 2020 figures. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. The total import value increased at an average annual rate of +3.5% 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.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Belgium, together accounting for 75% of total imports. These countries were followed by Italy, Hungary, Poland and Spain, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +255.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the largest plastic fittings for tubes, pipes and hoses suppliers to Belgium, together comprising 63% of total imports. Italy, Hungary, Poland and Spain lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Hungary, with a CAGR of +174.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, shrinking by -17% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2013 when the average import price increased by 9.9%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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