Eastern Asia: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Eastern Asia

The East Asian market for flexible tubes, pipes and hoses of plastics, with fittings contracted modestly to $X in 2022, which is down by -2.7% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +3.7% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Eastern Asia

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings fell modestly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +3.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports in Eastern Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -16% to X tons. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 40% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings dropped to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 39% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, China (X tons) was the key exporter of flexible tubes, pipes and hoses of plastics, with fittings, creating 81% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), generating a 15% share of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, with fittings exports from China stood at +2.0%. At the same time, South Korea (+16.7%) and Taiwan (Chinese) (+7.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +16.7% from 2012-2022. While the share of Taiwan (Chinese) (+5.2 p.p.) and South Korea (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-6.5 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in Eastern Asia, comprising 65% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +3.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+11.1% per year) and South Korea (+22.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports in Eastern Asia

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings imported in Eastern Asia rose slightly to X tons, with an increase of 2.1% against 2021 figures. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings stood at $X in 2022. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2018 when imports increased by 17%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Japan was the key importer of flexible tubes, pipes and hoses of plastics, with fittings in Eastern Asia, with the volume of imports accounting for X tons, which was near 39% of total imports in 2022. It was distantly followed by China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together generating a 57% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flexible tubes, pipes and hoses of plastics, with fittings importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 88% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +14.2%, saw 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 import price in Eastern Asia stood at $X per ton in 2022, falling by -1.9% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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, with fittings increased by +49.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 26% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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