India: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in India

The Indian market for other plastic tubes, pipes and hoses was estimated at $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2020 indices. Consumption of peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Other Plastic Tubes, Pipes and Hoses in India

In value terms, production of other plastic tubes, pipes and hoses amounted to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27%. Over the period under review, production of hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from India

In 2022, overseas shipments of other plastic tubes, pipes and hoses increased by 18% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 82%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of other plastic tubes, pipes and hoses skyrocketed to $X in 2022. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 42%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from India, accounting for a 38% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+124.1% per year) and Nigeria (+12.9% per year).

In value terms, the United States ($X) remains the key foreign market for other plastic tubes, pipes and hoses exports from India, comprising 35% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Bangladesh, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+119.6% per year) and Bangladesh (+68.5% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, flattening at the previous year. In general, the export price, however, saw perceptible growth. The pace of growth appeared the most rapid in 2019 an increase of 38%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into India

In 2022, the amount of other plastic tubes, pipes and hoses imported into India amounted to X tons, increasing by 9.7% on 2021 figures. In general, imports posted strong growth. The pace of growth was the most pronounced in 2018 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of other plastic tubes, pipes and hoses amounted to $X in 2022. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 44%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest other plastic tubes, pipes and hoses supplier to India, accounting for a 63% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.1% per year) and South Korea (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to India, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and the UK (+13.8% per year).

Import Prices by Country

The average import price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, shrinking by -3.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 22%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Malaysia ($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 UK (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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