MERCOSUR: 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 MERCOSUR

The MERCOSUR market for flexible tubes, pipes and hoses of plastics, with fittings contracted modestly to $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a pronounced contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in MERCOSUR

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 10% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in MERCOSUR

In 2022, overseas shipments of flexible tubes, pipes and hoses of plastics, with fittings decreased by -4.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 2017 when exports increased by 60% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings soared to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +106.6% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 72% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Chile (X tons) and Brazil (X tons) prevails in fittings structure, together generating 88% of total exports. It was distantly followed by Peru (X tons), comprising a 7.5% share of total exports. The following exporters - Colombia (X tons) and Argentina (X tons) - each accounted for a 3.9% 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 Peru (with a CAGR of +17.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in MERCOSUR, comprising 63% of total exports. The second position in the ranking was held by Chile ($X), with a 26% share of total exports. It was followed by Peru, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +7.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+8.5% per year) and Peru (+15.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by 45% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 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 Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.5%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MERCOSUR

In 2022, overseas purchases of flexible tubes, pipes and hoses of plastics, with fittings decreased by -21.1% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings shrank modestly to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 29%. Over the period under review, imports of reached the peak figure at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Chile (X tons), Argentina (X tons) and Brazil (X tons) was the key importer of flexible tubes, pipes and hoses of plastics, with fittings in MERCOSUR, achieving 66% of total import. Colombia (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Peru (10%). The following importers - Ecuador (X tons) and Uruguay (X tons) - each resulted at a 7.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in MERCOSUR, comprising 46% of total imports. The second position in the ranking was taken by Argentina ($X), with a 22% share of total imports. It was followed by Chile, with a 13% share.

In Brazil, imports of flexible tubes, pipes and hoses of plastics, with fittings increased at an average annual rate of +17.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-1.2% per year) and Chile (+4.7% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 an increase of 34%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual 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 Brazil ($X per ton), while Chile ($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 mixed trends in the import price figures.

Source: IndexBox Platform