Malaysia: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Malaysia

The Malaysian market for flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2022, rising by 21% against the previous year. Overall, consumption, however, recorded a pronounced setback. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Malaysia

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 114%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Malaysia

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, without fittings were exported from Malaysia; waning by -29.9% against 2021 figures. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 143% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings declined markedly to $X in 2022. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 225% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Malaysia, accounting for a 64% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. The third position in this ranking was taken by Japan (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+12.6% per year) and Japan (+3.7% per year).

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) constituted the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from Malaysia worldwide, with a combined 86% share of total exports. Japan, the United States, Hong Kong SAR, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +51.9%, 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

The average export price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, falling by -6.7% against the previous year. In general, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 34%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Myanmar ($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 Thailand (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Malaysia

In 2022, overseas purchases of flexible tubes, pipes and hoses of plastics, without fittings were finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by 258%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings rose significantly to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 238% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Malaysia, together comprising 65% of total imports. Germany, Singapore, Russia, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +49.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Singapore ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Malaysia, together comprising 57% of total imports. South Korea, Germany, Japan, Russia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 34%.

Russia, with a CAGR of +103.0%, recorded 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

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, shrinking by -2.2% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 flexible tubes, pipes and hoses of plastics, without fittings increased by +38.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 46%. As a result, import price attained the peak level of $X per ton. From 2015 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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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