India: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in India

The Indian market for rigid tubes, pipes and hoses, of other polymers amounted to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in India

In value terms, production of rigid tubes, pipes and hoses, of other polymers amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 47% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from India

In 2022, exports of rigid tubes, pipes and hoses, of other polymers from India fell markedly to X tons, waning by -40.3% on the previous year. Over the period under review, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2015 when exports increased by 66%. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers shrank to $X in 2022. In general, exports, however, saw temperate growth. The most prominent rate of growth was recorded in 2015 when exports increased by 110%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Iraq (X tons), the United States (X tons) and Italy (X tons) were the main destinations of exports of rigid tubes, pipes and hoses, of other polymers from India, with a combined 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +169.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from India, comprising 35% of total exports. The second position in the ranking was taken by Italy ($X), with a 16% share of total exports. It was followed by Iraq, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+37.0% per year) and Iraq (+164.8% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, surging by 43% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 75%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas 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 the United States (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into India

Imports of rigid tubes, pipes and hoses, of other polymers into India declined to X tons in 2022, waning by -11.7% against the year before. Over the period under review, imports, however, saw a modest expansion. The pace of growth was the most pronounced in 2018 with an increase of 115%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers fell to $X in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest rigid tubes, pipes and hoses, of other polymers supplier to India, with a 41% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and Germany (-0.1% per year).

In value terms, Italy ($X), China ($X) and Germany ($X) were the largest rigid tubes, pipes and hoses, of other polymers suppliers to India, together accounting for 47% of total imports. Japan, Finland, South Korea, the UK and the United Arab Emirates lagged somewhat behind, together accounting for a further 22%.

Finland, with a CAGR of +40.8%, 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

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, growing by 3.8% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 74% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($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 (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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