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

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

The Indian propylene polymer rigid pipes market reduced to $X in 2022, which is down by -2.6% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, propylene polymer rigid pipes production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Propylene polymer rigid pipes production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports from India

Propylene polymer rigid pipes exports from India shrank markedly to X tons in 2022, waning by -41.5% against 2021 figures. Over the period under review, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by 127%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports plummeted to $X in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 128% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for propylene polymer rigid pipes exports from India, with a 46% share of total exports. Moreover, propylene polymer rigid pipes exports to Ireland exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Bhutan (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.1% per year) and Bhutan (+26.6% per year).

In value terms, Ireland ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from India, comprising 41% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of total exports. It was followed by Bhutan, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Ireland stood at +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.7% per year) and Bhutan (+43.1% per year).

Export Prices by Country

In 2022, the average propylene polymer rigid pipes export price amounted to $X per ton, dropping by -6.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 Arab Emirates ($X per ton), while the average price for exports to Qatar ($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 Bhutan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were imported into India; dropping by -51.1% on 2021. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 117% against the previous year. As a result, imports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, propylene polymer rigid pipes imports declined notably to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 160% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, Israel (X tons) constituted the largest propylene polymer rigid pipes supplier to India, accounting for a 42% share of total imports. Moreover, propylene polymer rigid pipes imports from Israel exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Israel stood at +178.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+43.7% per year) and China (+11.5% per year).

In value terms, Israel ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of propylene to India, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by China, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from Israel amounted to +171.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and China (+6.6% per year).

Import Prices by Country

The average propylene polymer rigid pipes import price stood at $X per ton in 2022, growing by 40% against the previous year. In general, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 57% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Indonesia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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