Benelux: 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 Benelux

The Benelux market for rigid tubes, pipes and hoses of polymers of vinyl chloride rose to $X in 2022, increasing by 4.7% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +88.8% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Benelux

In value terms, vinyl chloride polymer rigid pipes production stood at $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +83.8% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

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

Exports in Benelux

In 2022, vinyl chloride polymer rigid pipes exports in Benelux declined to X tons, waning by -8.1% on the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 15% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports reduced modestly to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of $X, and then shrank slightly in the following year.

Exports by Country

The Netherlands dominates exports structure, reaching X tons, which was near 91% of total exports in 2022. It was distantly followed by Belgium (X tons), making up an 8.8% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of rigid tubes, pipes and hoses of polymers of vinyl chloride. Belgium (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +9.8 percentage points.

In value terms, the Netherlands ($X) remains the largest vinyl chloride polymer rigid pipes supplier in Benelux, comprising 83% of total exports. The second position in the ranking was held by Belgium ($X), with a 16% share of total exports.

In the Netherlands, vinyl chloride polymer rigid pipes exports increased at an average annual rate of +2.5% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, rising by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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 Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.9%).

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

Imports in Benelux

In 2022, after five years of growth, there was significant decline in overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride, when their volume decreased by -17.3% to X tons. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, vinyl chloride polymer rigid pipes imports shrank to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +19.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Belgium was the largest importing country with an import of around X tons, which recorded 72% of total imports. It was distantly followed by the Netherlands (X tons), achieving a 26% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of vinyl chloride imports, with a CAGR of +6.2% from 2012 to 2022. At the same time, the Netherlands (+1.4%) displayed positive paces of growth. By contrast, Luxembourg (-7.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +13 percentage points.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2022.

Belgium, with a CAGR of +4.5%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by 7.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform