EU: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in the EU

In 2022, the EU market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 1.9% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in the EU

In value terms, vinyl chloride polymer rigid pipes production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by 27% against the previous year. The level of production peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in the EU

After two years of growth, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -11.5% to X tons in 2022. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 8.2%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, vinyl chloride polymer rigid pipes exports shrank to $X in 2022. The total export value increased at an average annual rate of +3.0% 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 when exports increased by 27%. As a result, the exports attained the peak of $X, and then reduced slightly in the following year.

Exports by Country

In 2022, Italy (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), Germany (X tons), Poland (X tons) and Ireland (X tons) represented the main exporters of rigid tubes, pipes and hoses of polymers of vinyl chloride, together making up 83% of total exports. The following exporters - Portugal (X tons), France (X tons) and Hungary (X tons) - each accounted for a 6.1% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +7.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes supplying countries in the European Union were Italy ($X), Spain ($X) and Germany ($X), with a combined 56% share of total exports. The Netherlands, Poland, France, Ireland, Portugal and Hungary lagged somewhat behind, together comprising a further 30%.

Among the main exporting countries, Hungary, with a CAGR of +7.2%, saw the highest growth rate of 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 the European Union amounted to $X per ton, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 21%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in the EU

After three years of growth, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -11.5% to X tons in 2022. The total import volume increased at an average annual rate of +2.0% 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 2019 with an increase of 12% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, vinyl chloride polymer rigid pipes imports contracted slightly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +64.2% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

France was the main importer of rigid tubes, pipes and hoses of polymers of vinyl chloride in the European Union, with the volume of imports accounting for X tons, which was approx. 34% of total imports in 2022. Belgium (X tons) ranks second in terms of the total imports with an 11% share, followed by the Czech Republic (5.7%). Germany (X tons), Croatia (X tons), the Netherlands (X tons), Austria (X tons), Spain (X tons), Lithuania (X tons), Portugal (X tons), Romania (X tons), Slovakia (X tons) and Hungary (X tons) followed a long way behind the leaders.

France experienced a relatively flat trend pattern with regard to volume of imports of rigid tubes, pipes and hoses of polymers of vinyl chloride. At the same time, Croatia (+12.2%), Austria (+9.0%), Romania (+8.8%), Spain (+8.4%), Hungary (+7.3%), Belgium (+6.2%), Lithuania (+5.2%), Portugal (+4.6%), the Czech Republic (+4.6%) and the Netherlands (+1.4%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +12.2% from 2012-2022. By contrast, Slovakia (-1.2%) and Germany (-5.1%) illustrated a downward trend over the same period. While the share of Belgium (+3.6 p.p.), Croatia (+2.5 p.p.), Austria (+1.9 p.p.) and Spain (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (-4.7 p.p.) and France (-10.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of vinyl chloride in the European Union, comprising 31% of total imports. The second position in the ranking was held by Belgium ($X), with an 8.4% share of total imports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in France was relatively modest. In the other countries, the average annual rates were as follows: Belgium (+4.5% per year) and the Netherlands (+1.9% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 20%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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