Eastern Asia: 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 Eastern Asia

The East Asian market for flexible tubes, pipes and hoses of plastics, without fittings expanded significantly to $X in 2022, picking up by 6.9% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -6.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings expanded remarkably to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by -5.9% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports in Eastern Asia

For the ninth year in a row, Eastern Asia recorded growth in overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings, which increased by 0.2% to X tons in 2022. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 24%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings reached $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +93.1% against 2013 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) was the major exporter of flexible tubes, pipes and hoses of plastics, without fittings, mixing up 68% of total exports. South Korea (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Japan (10%) and Taiwan (Chinese) (8.3%).

China was also the fastest-growing in terms of the flexible tubes, pipes and hoses of plastics, without fittings exports, with a CAGR of +12.9% from 2012 to 2022. At the same time, Taiwan (Chinese) (+11.5%), South Korea (+1.8%) and Japan (+1.4%) displayed positive paces of growth. While the share of China (+21 p.p.) and Taiwan (Chinese) (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-10.7 p.p.) and South Korea (-12.2 p.p.) displayed negative dynamics.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2022, together comprising 93% of total exports.

Among the main exporting countries, China, with a CAGR of +15.2%, 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

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 2.1% against the previous year. In general, the export price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by 10% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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 (+5.8%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Asia

Imports of flexible tubes, pipes and hoses of plastics, without fittings declined to X tons in 2022, with a decrease of -6.1% against the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 22%. As a result, imports attained 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 reached $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.6% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

China was the largest importing country with an import of about X tons, which amounted to 50% of total imports. Japan (X tons) ranks second in terms of the total imports with a 27% share, followed by South Korea (9.5%), Taiwan (Chinese) (7.5%) and Hong Kong SAR (5.9%).

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, without fittings in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by South Korea, with a 10% share.

In China, imports of flexible tubes, pipes and hoses of plastics, without fittings expanded at an average annual rate of +8.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+2.0% per year) and South Korea (+10.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of 8.8% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +101.6% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by 23%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :