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

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

The Indian market for plastic fittings for tubes, pipes and hoses totaled $X in 2021, with an increase of 2% against the previous year. In general, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

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

In value terms, production of plastic fittings for tubes, pipes and hoses expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from India

After two years of decline, overseas shipments of plastic fittings for tubes, pipes and hoses increased by 32% to X tons in 2021. In general, exports, however, showed a slight curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Overall, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X tons), Oman (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from India, with a combined 26% share of total exports. France, Germany, the United States, the UK, Bhutan, Bangladesh, Qatar, Sierra Leone, Iraq and Gambia lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the biggest increases were recorded for Bhutan (with a CAGR of +214.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Nepal ($X) and Germany ($X) appeared to be the largest markets for plastic fittings for tubes, pipes and hoses exported from India worldwide, with a combined 33% share of total exports. France, the UK, Oman, the United Arab Emirates, Bangladesh, Bhutan, Qatar, Iraq, Sierra Leone and Gambia lagged somewhat behind, together accounting for a further 33%.

Bhutan, with a CAGR of +195.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, growing by 2.4% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price 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, export price for plastic fittings for tubes, pipes and hoses decreased by -5.4% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Sierra Leone ($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 (+15.0%), 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 India

In 2021, overseas purchases of plastic fittings for tubes, pipes and hoses were finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest plastic fittings for tubes, pipes and hoses supplier to India, accounting for a 42% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.3% per year) and Italy (+5.9% per year).

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to India were China ($X), the United States ($X) and the UK ($X), together accounting for 44% of total imports. These countries were followed by Germany, Italy, South Korea, Taiwan (Chinese), Switzerland, Turkey, the Netherlands, Israel, the United Arab Emirates and Bangladesh, which together accounted for a further 39%.

Israel, with a CAGR of +51.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, rising by 66% against the previous year. In general, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue 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 ($X per ton), while the price for Bangladesh ($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 UK (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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