Latin America and the Caribbean: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Latin America and the Caribbean

In 2022, the Latin American plastic pipe and hose market decreased by X% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Latin America and the Caribbean

In value terms, plastic pipe and hose production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports in Latin America and the Caribbean

In 2022, overseas shipments of plastics tubes, pipes and hoses, and fitting increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, plastic pipe and hose exports soared to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Mexico prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Costa Rica (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Guatemala (X%), Argentina (X%) and Brazil (X%). The following exporters - Chile (X tons) and the Dominican Republic (X tons) - together made up X% of total exports.

Mexico was also the fastest-growing in terms of the plastics tubes, pipes and hoses, and fitting exports, with a CAGR of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Costa Rica (X%) and Guatemala (X%) displayed positive paces of growth. Argentina and Chile experienced a relatively flat trend pattern. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Guatemala (X p.p.), Chile (X p.p.), Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest plastic pipe and hose supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports in Latin America and the Caribbean

In 2022, imports of plastics tubes, pipes and hoses, and fitting in Latin America and the Caribbean reduced to X tons, shrinking by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, plastic pipe and hose imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Mexico (X tons) represented the main importer of plastics tubes, pipes and hoses, and fitting, making up X% of total imports. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%) and Peru (X%). Argentina (X tons), Honduras (X tons), Nicaragua (X tons), El Salvador (X tons), Costa Rica (X tons), Colombia (X tons), the Dominican Republic (X tons), Guatemala (X tons) and Panama (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of plastics tubes, pipes and hoses, and fitting. At the same time, Panama (X%), Chile (X%), the Dominican Republic (X%), Costa Rica (X%), El Salvador (X%), Nicaragua (X%), Argentina (X%), Guatemala (X%), Brazil (X%), Colombia (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. From 2012 to 2022, the share of Chile and Panama increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, plastic pipe and hose imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Costa Rica (X% per year).

Import Prices by Country

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

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while Honduras ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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