China: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in China

The Chinese propylene polymer rigid pipes market reached $X in 2022, remaining stable against the previous year. In general, the total consumption indicated a measured 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, consumption decreased by -3.3% against 2020 indices. Propylene polymer rigid pipes consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in China

In value terms, propylene polymer rigid pipes production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. Propylene polymer rigid pipes production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from China

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of propylene increased by 3.2% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, propylene polymer rigid pipes exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The Philippines (X tons), Russia (X tons) and the United States (X tons) were the main destinations of propylene polymer rigid pipes exports from China, together comprising 26% of total exports. Nigeria, Indonesia, Japan, Mexico, Singapore, Malaysia, the United Arab Emirates, Chile, Iraq and Thailand lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +33.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Philippines ($X) and Russia ($X) were the largest markets for propylene polymer rigid pipes exported from China worldwide, together accounting for 26% of total exports. Japan, Nigeria, Mexico, Malaysia, Singapore, Indonesia, Thailand, the United Arab Emirates, Iraq and Chile lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Iraq, with a CAGR of +31.3%, saw 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 propylene polymer rigid pipes export price stood at $X per ton in 2022, growing by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the average export price increased by 14% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($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 United Arab Emirates (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into China

Propylene polymer rigid pipes imports into China fell markedly to X tons in 2022, which is down by -38.1% compared with 2021 figures. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 95% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, propylene polymer rigid pipes imports declined markedly to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 50%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of propylene polymer rigid pipes to China, with a 52% share of total imports. Moreover, propylene polymer rigid pipes imports from Germany exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+49.2% per year) and Turkey (-8.0% per year).

In value terms, Germany ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to China, comprising 41% of total imports. The second position in the ranking was taken by Austria ($X), with a 7.2% share of total imports. It was followed by Japan, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+36.2% per year) and Japan (-1.9% per year).

Import Prices by Country

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, surging by 22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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