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

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

In 2021, the Brazilian market for plastic fittings for tubes, pipes and hoses increased by 2.6% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

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

In value terms, production of plastic fittings for tubes, pipes and hoses expanded modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Brazil

In 2021, after two years of decline, there was significant growth in shipments abroad of plastic fittings for tubes, pipes and hoses, when their volume increased by 35% to X tons. The total export volume increased at an average annual rate of +3.4% 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.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Brazil, with a 40% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Paraguay exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. The third position in this ranking was taken by Argentina (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+5.6% per year) and Argentina (+7.4% per year).

In value terms, Paraguay ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Brazil, comprising 28% of total exports. The second position in the ranking was held by Argentina ($X), with a 12% share of total exports. It was followed by Bolivia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+4.2% per year) and Bolivia (+5.5% 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, with an increase of 6.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Algeria ($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 Algeria (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Brazil

In 2021, approx. X tons of plastic fittings for tubes, pipes and hoses were imported into Brazil; rising by 27% on 2020. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Brazil, accounting for a 26% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.0% per year) and Italy (-0.6% per year).

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Brazil were the United States ($X), China ($X) and Germany ($X), together accounting for 42% of total imports. The UK, Italy, Norway, France, Mexico, Israel, Switzerland, Austria, Argentina and Turkey lagged somewhat behind, together comprising a further 41%.

Mexico, with a CAGR of +34.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, with an increase of 4.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 10% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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