India: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in India

In 2022, the Indian market for plastics pipes and pipe fittings decreased by -0.4% to $X, falling for the second year in a row after six years of growth. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastics pipe and pipe fitting consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Plastics Pipes And Pipe Fittings in India

In value terms, plastics pipe and pipe fitting production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from India

In 2022, shipments abroad of plastics pipes and pipe fittings increased by 13% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, plastics pipe and pipe fitting exports surged to $X in 2022. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Iraq (X tons) and Canada (X tons) were the main destinations of plastics pipe and pipe fitting exports from India, together comprising 20% of total exports. Maldives, Nepal, Bhutan, Oman, Tanzania, the United Arab Emirates, Qatar, Yemen, Sri Lanka and the UK lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of +44.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for plastics pipes and pipe fittings exports from India, comprising 13% of total exports. The second position in the ranking was held by Canada ($X), with a 6.1% share of total exports. It was followed by Nepal, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+31.9% per year) and Nepal (+25.2% per year).

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, surging by 7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 8.6%. The export price peaked in 2022 and is likely to see steady growth in years to come.

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 the United States ($X per ton), while the average price for exports to Iraq ($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 Nepal (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into India

In 2022, the amount of plastics pipes and pipe fittings imported into India shrank slightly to X tons, waning by -4.1% against the previous year. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 51%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, plastics pipe and pipe fitting imports reduced modestly to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastics pipe and pipe fitting supplier to India, accounting for a 38% share of total imports. Moreover, plastics pipe and pipe fitting imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.7% per year) and Germany (+3.3% per year).

In value terms, the largest plastics pipe and pipe fitting suppliers to India were China ($X), Germany ($X) and Italy ($X), with a combined 42% share of total imports. The United States, Japan, Taiwan (Chinese), South Korea, Finland, Israel, Turkey, the United Arab Emirates, Malaysia and Bangladesh lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Israel, with a CAGR of +37.9%, saw the highest growth rate of 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

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then fell slightly in the following year.

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 United States ($X per ton), while the price for Bangladesh ($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 United States (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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