Hong Kong SAR, China: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Hong Kong SAR, China

The Hong Kong ethylene polymer rigid pipes market skyrocketed to $X in 2021, increasing by 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Hong Kong SAR, China

Ethylene polymer rigid pipes exports from Hong Kong SAR reduced slightly to X tons in 2021, with a decrease of -2.9% against 2020 figures. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 42%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports shrank modestly to $X in 2021. In general, exports saw a noticeable curtailment. The growth pace was the most rapid in 2014 when exports increased by 24%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for ethylene polymer rigid pipes exports from Hong Kong SAR, accounting for a 45% share of total exports. Moreover, ethylene polymer rigid pipes exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. China (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and China (-24.6% per year).

In value terms, the largest markets for ethylene polymer rigid pipes exported from Hong Kong SAR were the United States ($X), China ($X) and Germany ($X), together accounting for 84% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +52.4%, 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

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 an increase of 92%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Hong Kong SAR, China

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported into Hong Kong SAR; growing by 28% against the previous year. Overall, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% 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 +86.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ethylene polymer rigid pipes to Hong Kong SAR, accounting for a 84% share of total imports. Moreover, ethylene polymer rigid pipes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and Taiwan (Chinese) (+28.9% per year).

In value terms, China ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Hong Kong SAR, comprising 73% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.5% share of total imports. It was followed by Germany, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+19.1% per year) and Germany (+12.0% per year).

Import Prices by Country

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, surging by 22% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+19.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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