Eastern Asia: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Eastern Asia

After nine years of growth, the East Asian ethylene polymer rigid pipes market decreased by -2.5% to $X in 2021. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Eastern Asia

In value terms, ethylene polymer rigid pipes production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank modestly in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in Eastern Asia

In 2021, the amount of rigid tubes, pipes and hoses of polymers of ethylene exported in Eastern Asia soared to X tons, with an increase of 26% on 2020. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. 89% of total exports in 2021. It was distantly followed by South Korea (X tons), committing a 6.8% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of ethylene exports, with a CAGR of +11.1% from 2012 to 2021. At the same time, Taiwan (Chinese) (+10.3%) and South Korea (+5.0%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +4.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ethylene polymer rigid pipes supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by South Korea ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +9.7%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+2.9% per year) and Taiwan (Chinese) (+14.1% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 1.9% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by 6%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.4%), while the other leaders experienced a decline in the export price figures.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in Eastern Asia

Ethylene polymer rigid pipes imports reached X tons in 2021, growing by 8.9% against the previous year. In general, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2018 when imports increased by 38%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes imports rose significantly to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Hong Kong SAR (X tons) and China (X tons) represented the major importers of rigid tubes, pipes and hoses of polymers of ethylene in Eastern Asia, together amounting to approx. 47% of total imports. Japan (X tons) ranks next in terms of the total imports with a 14% share, followed by South Korea (13%), Macao SAR (11%) and Democratic People's Republic of Korea (11%). Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Macao SAR (with a CAGR of +39.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of ethylene in Eastern Asia, comprising 42% of total imports. The second position in the ranking was taken by Japan ($X), with an 18% share of total imports. It was followed by Hong Kong SAR, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -1.6%. In the other countries, the average annual rates were as follows: Japan (-4.5% per year) and Hong Kong SAR (-0.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, surging by 1.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 18%. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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