China: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in China

After nine years of growth, the Chinese ethylene polymer rigid pipes market decreased by -2.9% to $X in 2021. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the market value increased by 9.6%. Ethylene polymer rigid pipes consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in China

In value terms, ethylene polymer rigid pipes production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 9.9%. Ethylene polymer rigid pipes production peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from China

For the fifth year in a row, China recorded growth in shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene, which increased by 25% to X tons in 2021. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 31%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, ethylene polymer rigid pipes exports skyrocketed to $X in 2021. In general, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Bangladesh (X tons) and Myanmar (X tons) were the main destinations of ethylene polymer rigid pipes exports from China, together accounting for 23% of total exports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +101.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from China, comprising 13% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 6% share of total exports. It was followed by Australia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+43.8% per year) and Australia (+14.8% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, growing by 3.4% against the previous year. Over the period under review, the export price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2014 an increase of 5.9%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Myanmar ($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 Malaysia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into China

For the third year in a row, China recorded decline in purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene, which decreased by -6.4% to X tons in 2021. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by 49%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports stood at $X in 2021. Overall, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2018 with an increase of 35%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of ethylene polymer rigid pipes to China, with a 52% share of total imports. Moreover, ethylene polymer rigid pipes imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.3% per year) and the United States (-18.1% per year).

In value terms, the largest ethylene polymer rigid pipes suppliers to China were Germany ($X), the United States ($X) and Japan ($X), together accounting for 63% of total imports. These countries were followed by Austria, South Korea, Italy, the Netherlands, the UK, Sweden, Ukraine and Thailand, which together accounted for a further 27%.

Among the main suppliers, Thailand, with a CAGR of +45.7%, recorded the highest rates of growth with regard to 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 ethylene polymer rigid pipes import price stood at $X per ton in 2021, with an increase of 7.4% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethylene polymer rigid pipes import price increased by +61.3% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :