Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for rigid tubes, pipes and hoses of polymers of vinyl chloride reduced to $X in 2022, shrinking by -2.5% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Latin America and the Caribbean

In value terms, vinyl chloride polymer rigid pipes production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 14%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

Vinyl chloride polymer rigid pipes exports declined to X tons in 2022, remaining relatively unchanged against 2021 figures. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of X tons, and then reduced slightly in the following year.

In value terms, vinyl chloride polymer rigid pipes exports surged to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 71%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Guatemala (X tons), Mexico (X tons) and Costa Rica (X tons) was the largest exporter of rigid tubes, pipes and hoses of polymers of vinyl chloride in Latin America and the Caribbean, generating 77% of total export. It was distantly followed by the Dominican Republic (X tons), making up a 12% share of total exports. The following exporters - Trinidad and Tobago (X tons), Chile (X tons) and Colombia (X tons) - each amounted to a 6.2% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of +28.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes supplying countries in Latin America and the Caribbean were Mexico ($X), Guatemala ($X) and Costa Rica ($X), with a combined 79% share of total exports.

In terms of the main exporting countries, Mexico, with a CAGR of +24.9%, saw 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 export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 28% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 export price increased by +70.0% against 2016 indices. As a result, the export price attained 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 ($X per ton), while Costa Rica ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were imported in Latin America and the Caribbean; dropping by -14.7% compared with 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, vinyl chloride polymer rigid pipes imports dropped to $X in 2022. The total import value increased at an average annual rate of +3.0% 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 with an increase of 52% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of vinyl chloride polymer rigid pipes imports in 2022 were Honduras (X tons), Nicaragua (X tons), El Salvador (X tons) and Mexico (X tons), together reaching 57% of total import. It was distantly followed by Panama (X tons), making up a 6% share of total imports. Costa Rica (X tons), Jamaica (X tons), Argentina (X tons), Peru (X tons), Cuba (X tons), Belize (X tons), Guatemala (X tons) and Colombia (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of +56.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes importing markets in Latin America and the Caribbean were Mexico ($X), Nicaragua ($X) and Honduras ($X), together accounting for 43% of total imports. El Salvador, Panama, Argentina, Jamaica, Costa Rica, Cuba, Peru, Guatemala, Colombia and Belize lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, Panama, with a CAGR of +56.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 when the import price increased by 27% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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