India: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in India

The Indian market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa reached $X in 2021, remaining stable against the previous year. Over the period under review, the total consumption indicated resilient growth 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, consumption decreased by -3.0% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in India

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa reached $X in 2021 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Production of peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from India

In 2021, overseas shipments of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by 43% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021. Over the period under review, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Germany (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from India, with a combined 43% share of total exports. These countries were followed by Ghana, Sweden, Tanzania, Bhutan, China, Sri Lanka, Australia, Kenya, the UK and Iraq, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +24.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from India, comprising 36% of total exports. The second position in the ranking was held by Sweden ($X), with a 9.2% share of total exports. It was followed by Germany, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.1% per year) and Germany (+11.3% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, increasing by 14% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Tanzania ($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 the UK (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into India

In 2021, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa into India surged to X tons, with an increase of 93% on the year before. Overall, imports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2014 with an increase of 309%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 150%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to India, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +72.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and China ($X) constituted the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to India, with a combined 49% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +81.7%, 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 flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, with an increase of 3.7% against the previous year. Overall, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2017 when the average import price increased by 55% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($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 United States (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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