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

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

The Indian market for rigid tubes, pipes and hoses of polymers of vinyl chloride contracted modestly to $X in 2022, shrinking by -2.2% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 -5.4% against 2019 indices. Vinyl chloride polymer rigid pipes consumption peaked 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 Vinyl Chloride in India

In value terms, vinyl chloride polymer rigid pipes production dropped modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 -4.0% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 20% against the previous year. Vinyl chloride polymer rigid pipes production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from India

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 22% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, vinyl chloride polymer rigid pipes exports soared to $X in 2022. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Iraq (X tons), Yemen (X tons) and Oman (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from India, together comprising 22% of total exports. Maldives, Qatar, the United Arab Emirates, Bhutan, Algeria, the UK, Kenya, Gambia, Mexico and Nepal lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +67.1%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Oman ($X) and Yemen ($X) constituted the largest markets for vinyl chloride polymer rigid pipes exported from India worldwide, with a combined 21% share of total exports. Maldives, the United Arab Emirates, Qatar, Algeria, Mexico, Bhutan, Nepal, the UK, Kenya and Gambia lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Mexico, with a CAGR of +75.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, shrinking by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Qatar ($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 Nepal (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into India

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were imported into India; which is down by -18% compared with 2021. Overall, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 35%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports shrank to $X in 2022. In general, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 40%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to India, with a 34% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+52.9% per year) and Germany (+5.5% per year).

In value terms, China ($X), Germany ($X) and Malaysia ($X) constituted the largest vinyl chloride polymer rigid pipes suppliers to India, together accounting for 50% of total imports.

Malaysia, with a CAGR of +45.4%, saw the highest growth rate of the value of imports, among 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 rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, growing by 4.9% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +19.5% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a 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 Thailand ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :