GCC: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2025

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in GCC

The GCC market for flexible tubes, pipes and hoses of plastics, without fittings was estimated at $X in 2022, increasing by 4.6% against the previous year. Over the period under review, consumption recorded a strong increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in GCC

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings stood at $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 55% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports in GCC

In 2022, after four years of decline, there was significant growth in shipments abroad of flexible tubes, pipes and hoses of plastics, without fittings, when their volume increased by 14% to X tons. In general, exports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 when exports increased by 76%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings expanded notably to $X in 2022. Overall, exports saw a pronounced expansion. The most prominent rate of growth was recorded in 2013 with an increase of 114%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

In 2022, Saudi Arabia (X tons) was the key exporter of flexible tubes, pipes and hoses of plastics, without fittings, mixing up 66% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a 31% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, without fittings exports from Saudi Arabia stood at -1.9%. The United Arab Emirates (-1.5%) and Oman (-14.3%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+10 p.p.) and the United Arab Emirates (+5.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (-4.1 p.p.) displayed negative dynamics.

In value terms, the largest flexible tubes, pipes and hoses of plastics, without fittings supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +5.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, which is down by -5.5% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flexible tubes, pipes and hoses of plastics, without fittings increased by +76.9% against 2016 indices. The growth pace was the most rapid in 2020 when the export price increased by 32%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports in GCC

After two years of decline, supplies from abroad of flexible tubes, pipes and hoses of plastics, without fittings increased by 18% to X tons in 2022. Overall, imports, however, continue to indicate a perceptible reduction. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings declined modestly to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 22%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly 72% of total imports in 2022. Kuwait (X tons) took the next position in the ranking, followed by Oman (X tons). All these countries together held approx. 20% share of total imports. The following importers - Bahrain (X tons) and Qatar (X tons) - each finished at an 8.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of +4.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, with a combined 87% share of total imports. Oman, Qatar and Bahrain lagged somewhat behind, together comprising a further 13%.

Bahrain, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 GCC stood at $X per ton in 2022, with a decrease of -15.6% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flexible tubes, pipes and hoses of plastics, without fittings increased by +35.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 32%. As a result, import price attained the peak level of $X per ton, and then shrank rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform