Latin America and the Caribbean: Market for Other Plastic Tubes, Pipes and Hoses 2025

Market Size for Other Plastic Tubes, Pipes and Hoses in Latin America and the Caribbean

The Latin American market for other plastic tubes, pipes and hoses stood at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Latin America and the Caribbean

In value terms, production of other plastic tubes, pipes and hoses reached $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 39%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports in Latin America and the Caribbean

In 2022, exports of other plastic tubes, pipes and hoses in Latin America and the Caribbean expanded modestly to X tons, picking up by 4.1% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 19%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of other plastic tubes, pipes and hoses reduced rapidly to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 24%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mexico (X tons) represented the major exporter of other plastic tubes, pipes and hoses, making up 61% of total exports. Brazil (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Chile (10%). Argentina (X tons), Guatemala (X tons) and Peru (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +7.4% from 2012 to 2022. At the same time, Guatemala (+37.0%) and Peru (+24.7%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +37.0% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Chile (-3.0%) and Brazil (-10.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Guatemala and Peru increased by +33, +2.8 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest other plastic tubes, pipes and hoses supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 91% of total exports. Argentina, Peru and Guatemala lagged somewhat behind, together accounting for a further 6.1%.

In terms of the main exporting countries, Guatemala, with a CAGR of +38.7%, recorded the highest growth rate of 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, shrinking by -18.7% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 8.2% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.3%), while the other leaders experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports in Latin America and the Caribbean

In 2022, approx. X tons of other plastic tubes, pipes and hoses were imported in Latin America and the Caribbean; declining by -13.5% on the previous year. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.6% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 43%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of other plastic tubes, pipes and hoses fell to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 32%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) was the largest importer of other plastic tubes, pipes and hoses, generating 31% of total imports. Chile (X tons) ranks second in terms of the total imports with a 12% share, followed by Brazil (7.8%), Peru (7.2%), Argentina (5.7%) and Colombia (4.6%). The following importers - Costa Rica (X tons), Bolivia (X tons), Ecuador (X tons), the Dominican Republic (X tons), El Salvador (X tons), Jamaica (X tons) and Bahamas (X tons) - together made up 18% of total imports.

From 2012 to 2022, average annual rates of growth with regard to other plastic tubes, pipes and hoses imports into Mexico stood at +2.4%. At the same time, the Dominican Republic (+23.1%), Jamaica (+22.4%), Bolivia (+11.9%), Chile (+11.6%), Peru (+7.8%), Costa Rica (+7.5%), Argentina (+5.9%), Bahamas (+4.3%), Colombia (+4.0%), El Salvador (+3.9%), Ecuador (+3.1%) and Brazil (+2.8%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +23.1% from 2012-2022. While the share of Chile (+7.3 p.p.), Peru (+3.1 p.p.), the Dominican Republic (+2.3 p.p.), Bolivia (+2 p.p.), Argentina (+1.8 p.p.) and Costa Rica (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported other plastic tubes, pipes and hoses in Latin America and the Caribbean, comprising 40% of total imports. The second position in the ranking was held by Costa Rica ($X), with a 20% share of total imports. It was followed by Brazil, with a 10% share.

In Mexico, imports of other plastic tubes, pipes and hoses expanded at an average annual rate of +6.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Costa Rica (+24.0% per year) and Brazil (+1.9% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 8.7% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for other plastic tubes, pipes and hoses increased by +97.2% against 2015 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 34% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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