China: 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 China

The Chinese market for flexible tubes, pipes and hoses of plastics, without fittings expanded slightly to $X in 2022, growing by 2.3% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in China

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

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

Exports from China

In 2022, after five years of growth, there was decline in shipments abroad of flexible tubes, pipes and hoses of plastics, without fittings, when their volume decreased by -1.7% to X tons. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then dropped modestly in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings reached $X in 2022. In general, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 27% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from China, with a 20% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Thailand exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.3% per year) and Australia (+34.1% per year).

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from China were the United States ($X), Thailand ($X) and Australia ($X), with a combined 30% share of total exports. Vietnam, Russia, India, New Zealand, South Korea, Mexico, the Philippines and Chile lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, New Zealand, with a CAGR of +78.7%, recorded 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

The average export price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Thailand ($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 the Philippines (+10.6%), 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 China

In 2022, imports of flexible tubes, pipes and hoses of plastics, without fittings into China shrank dramatically to X tons, falling by -16% on the year before. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 57%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings fell slightly to $X in 2022. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to China, with a combined 55% share of total imports. The United States, Vietnam, France and Italy lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +36.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to China were the United States ($X), Japan ($X) and Germany ($X), together accounting for 69% of total imports. South Korea, Vietnam, France and Italy lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Vietnam, with a CAGR of +29.6%, 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

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, with an increase of 16% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price 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, import price for flexible tubes, pipes and hoses of plastics, without fittings increased by +159.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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