Latin America and the Caribbean: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Latin America and the Caribbean

The Latin American market for flexible tubes, pipes and hoses of plastics, with fittings rose sharply to $X in 2022, growing by 14% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Latin America and the Caribbean

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 11%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports in Latin America and the Caribbean

In 2022, shipments abroad of flexible tubes, pipes and hoses of plastics, with fittings decreased by -19.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 22% against the previous year. The volume of export peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings fell modestly to $X in 2022. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 24% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Mexico prevails in fittings structure, reaching X tons, which was approx. 94% of total exports in 2022. El Salvador (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, with fittings exports from Mexico stood at +3.1%. At the same time, El Salvador (+6.3%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +6.3% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in Latin America and the Caribbean, comprising 95% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to +6.3%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while El Salvador amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.1%).

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in supplies from abroad of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -8.1% to X tons. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 18%. Over the period under review, imports of attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings fell slightly to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +67.4% against 2016 indices. The pace of growth was the most pronounced in 2018 when imports increased by 19%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Mexico (X tons) represented the key importer of flexible tubes, pipes and hoses of plastics, with fittings, making up 49% of total imports. Chile (X tons) took a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (6.7%) and Brazil (5.6%). Nicaragua (X tons), Honduras (X tons), Colombia (X tons), Peru (X tons), El Salvador (X tons), Guatemala (X tons) and Cuba (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, with fittings imports into Mexico stood at -1.5%. At the same time, El Salvador (+20.7%), Colombia (+17.6%), Cuba (+16.6%), Honduras (+16.5%), Peru (+11.2%), Brazil (+6.3%), Chile (+5.9%), Guatemala (+5.6%), Nicaragua (+3.8%) and Argentina (+1.3%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +20.7% from 2012-2022. While the share of Honduras (+2.9 p.p.), Chile (+2.9 p.p.), Colombia (+2.5 p.p.), Brazil (+2.2 p.p.), El Salvador (+2.1 p.p.) and Peru (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-15.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by Argentina, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled +4.2%. In the other countries, the average annual rates were as follows: Brazil (+17.6% per year) and Argentina (-1.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2021 an increase of 14%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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