Eastern Asia: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Eastern Asia

The East Asian market for other plastic tubes, pipes and hoses amounted to $X in 2022, flattening at the previous year. The total consumption indicated a buoyant expansion 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, consumption decreased by -3.6% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Other Plastic Tubes, Pipes and Hoses in Eastern Asia

In value terms, production of other plastic tubes, pipes and hoses stood at $X in 2022 estimated in export price. The total production indicated resilient growth 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, production decreased by -0.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 28% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports in Eastern Asia

After two years of growth, overseas shipments of other plastic tubes, pipes and hoses decreased by -2.3% to X tons in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% 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 +73.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then dropped modestly in the following year.

In value terms, exports of other plastic tubes, pipes and hoses rose modestly to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +32.1% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

China dominates hoses structure, reaching X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), generating a 6.3% share of total exports. South Korea (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the other plastic tubes, pipes and hoses exports, with a CAGR of +8.3% from 2012 to 2022. At the same time, Taiwan (Chinese) (+4.6%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. While the share of China (+7.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-1.8 p.p.) and South Korea (-3.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest other plastic tubes, pipes and hoses supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +10.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+4.1% per year) and South Korea (+1.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 5.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, 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 China (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports in Eastern Asia

In 2022, overseas purchases of other plastic tubes, pipes and hoses decreased by -7.7% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 19% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, imports of other plastic tubes, pipes and hoses contracted to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China represented the key importer of other plastic tubes, pipes and hoses in Eastern Asia, with the volume of imports recording X tons, which was near 41% of total imports in 2022. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together generating a 55% 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 Taiwan (Chinese) (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported other plastic tubes, pipes and hoses in Eastern Asia, comprising 52% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by South Korea, with a 17% share.

In China, imports of other plastic tubes, pipes and hoses expanded at an average annual rate of +4.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.3% per year) and South Korea (-2.2% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the import price increased by 8.6%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then declined in the following year.

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 ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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