Europe: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Europe

For the sixth consecutive year, the Europe market for plastic hoses and hose fittings recorded growth in sales value, which increased by 8.1% to $X in 2021. The market value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Plastic Hoses and Hose Fittings in Europe

In value terms, plastic hose and hose fitting production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 14%. Over the period under review, production attained the maximum level in 2021 and is likely to continue growth in the near future.

Exports of Plastic Hoses and Hose Fittings

Exports in Europe

For the sixth consecutive year, Europe recorded growth in shipments abroad of plastic hoses and hose fittings, which increased by 17% to X tons in 2021. The total export volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +71.5% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and Italy (X tons) represented roughly 46% of total exports in 2021. Spain (X tons) took the next position in the ranking, followed by Poland (X tons) and France (X tons). All these countries together took near 18% share of total exports. The Netherlands (X tons), the Czech Republic (X tons), Belgium (X tons), Sweden (X tons), Austria (X tons), the UK (X tons), Switzerland (X tons) and Russia (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +13.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest plastic hose and hose fitting supplier in Europe, comprising 30% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by the UK, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +4.7%. In the other countries, the average annual rates were as follows: Italy (+7.6% per year) and the UK (+6.6% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, increasing by 5.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports in Europe

For the sixth consecutive year, Europe recorded growth in supplies from abroad of plastic hoses and hose fittings, which increased by 17% to X tons in 2021. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.6% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), followed by France (X tons), Belgium (X tons), the Netherlands (X tons), Russia (X tons), Poland (X tons), Austria (X tons) and Spain (X tons) represented the key importers of plastic hoses and hose fittings, together committing 59% of total imports. Italy (X tons), the UK (X tons), the Czech Republic (X tons), Hungary (X tons) and Sweden (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 32% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +12.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, with an increase of 8.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform