Germany: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Germany

The German market for plastic fittings for tubes, pipes and hoses contracted markedly to $X in 2021, which is down by -46.2% against the previous year. In general, consumption saw a abrupt decrease. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Germany

In value terms, production of plastic fittings for tubes, pipes and hoses expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 16%. Over the period under review, production of hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Germany

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 10%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons), Austria (X tons) and Switzerland (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Germany, with a combined 23% share of total exports. Belgium, Poland, France, the UK, Italy, Hungary, the United States, Saudi Arabia, Sweden and Denmark lagged somewhat behind, together comprising a further 48%.

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

In value terms, Switzerland ($X), Austria ($X) and France ($X) appeared to be the largest markets for plastic fittings for tubes, pipes and hoses exported from Germany worldwide, together comprising 25% of total exports. The Netherlands, Poland, Italy, the UK, Belgium, Hungary, the United States, Sweden, Denmark and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +13.9%, saw the highest rates of growth with regard to 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 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, picking up by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2016 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Germany

For the fifth consecutive year, Germany recorded growth in purchases abroad of plastic fittings for tubes, pipes and hoses, which increased by 14% to X tons in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.9% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Switzerland (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Germany, together comprising 47% of total imports. These countries were followed by Poland, Italy, the Czech Republic, Romania, Slovenia, China, Israel, Turkey, Hungary and the UK, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +55.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Austria ($X) and Italy ($X) constituted the largest plastic fittings for tubes, pipes and hoses suppliers to Germany, with a combined 46% share of total imports. Poland, the Netherlands, the UK, China, the Czech Republic, Slovenia, Israel, Turkey, Romania and Hungary lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Romania, with a CAGR of +32.5%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, picking up by 6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 17%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Romania ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :