Europe: 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 Europe

In 2022, the Europe market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 1% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

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

In value terms, vinyl chloride polymer rigid pipes production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 20%. The level of production peaked in 2022 and is expected to retain growth in the near future.

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

Exports in Europe

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -11.3% to X tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 7.4% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, vinyl chloride polymer rigid pipes exports reduced modestly to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of $X, and then declined modestly 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), Serbia (X tons) and Ireland (X tons) were the main exporters of rigid tubes, pipes and hoses of polymers of vinyl chloride, together generating 79% of total exports. The following exporters - the UK (X tons), Russia (X tons), Portugal (X tons), France (X tons), Hungary (X tons) and Romania (X tons) - together made up 12% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of +21.8%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together comprising 50% of total exports. The Netherlands, Poland, Serbia, the UK, France, Ireland, Portugal, Romania, Hungary and Russia lagged somewhat behind, together comprising a further 39%.

Among the main exporting countries, Russia, with a CAGR of +20.4%, 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

The export price in Europe stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 when the export price increased by 21%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Romania (+5.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -10% to X tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 7.3% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, vinyl chloride polymer rigid pipes imports totaled $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, France (X tons) was the main importer of rigid tubes, pipes and hoses of polymers of vinyl chloride, constituting 28% of total imports. Belgium (X tons) took a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by the UK (7.7%) and the Czech Republic (4.7%). The following importers - 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) and Slovakia (X tons) - together made up 26% of total imports.

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%), Belgium (+6.2%), Lithuania (+5.2%), the UK (+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 Europe, 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. Belgium (+3.4 p.p.), the UK (+2.3 p.p.), Croatia (+2.2 p.p.) and Austria (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Germany and France saw its share reduced by -3.5% and -6.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of vinyl chloride in Europe, comprising 26% of total imports. The second position in the ranking was held by the UK ($X), with a 7.9% share of total imports. It was followed by Belgium, with a 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: the UK (+3.9% per year) and Belgium (+4.5% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the import price increased by 20% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 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