Eastern Asia: Market for Plastic Fittings for Tubes, Pipes and Hoses 2025

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

In 2021, after three years of growth, there was decline in the East Asian market for plastic fittings for tubes, pipes and hoses, when its value decreased by -2% to $X. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Eastern Asia

In value terms, production of plastic fittings for tubes, pipes and hoses declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production of growth failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Eastern Asia

Exports of plastic fittings for tubes, pipes and hoses skyrocketed to X tons in 2021, surging by 26% against 2020. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.8% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 29% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.8% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates hoses structure, reaching X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Japan (X tons), creating a 6.1% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and South Korea (X tons) - together made up 6.4% of total exports.

China was also the fastest-growing in terms of the plastic fittings for tubes, pipes and hoses exports, with a CAGR of +7.8% from 2012 to 2021. At the same time, South Korea (+3.0%) and Japan (+1.1%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +7.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic fittings for tubes, pipes and hoses supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports. It was followed by South Korea, with a 7.8% share.

In China, exports of plastic fittings for tubes, pipes and hoses expanded at an average annual rate of +8.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+4.8% per year) and South Korea (+9.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 6.2% against the previous year. Over the period under review, the export price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by 6.8%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Eastern Asia

Imports of plastic fittings for tubes, pipes and hoses surged to X tons in 2021, growing by 22% compared with the year before. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.7% against 2019 indices. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) and South Korea (X tons) represented the major importers of plastic fittings for tubes, pipes and hoses in Eastern Asia, together achieving 64% of total imports. China (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (12%) and Taiwan (Chinese) (5.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +9.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported plastic fittings for tubes, pipes and hoses in Eastern Asia, comprising 52% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +11.2%. In the other countries, the average annual rates were as follows: Japan (+2.2% per year) and South Korea (+5.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, surging by 8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 an increase of 16%. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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