MERCOSUR: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in MERCOSUR

The MERCOSUR market for plastic hoses and hose fittings expanded slightly to $X in 2021, surging by 2.8% against the previous year. Overall, consumption, however, recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Hoses and Hose Fittings in MERCOSUR

In value terms, plastic hose and hose fitting production reduced slightly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 10%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports in MERCOSUR

In 2021, exports of plastic hoses and hose fittings in MERCOSUR amounted to X tons, increasing by 3.8% against the previous year's figure. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 14%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports rose markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 17%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) and Brazil (X tons) were the key exporters of plastic hoses and hose fittings in 2021, finishing at near 40% and 31% of total exports, respectively. It was distantly followed by Chile (X tons), Colombia (X tons) and Peru (X tons), together achieving a 29% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +25.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting supplying countries in MERCOSUR were Brazil ($X), Argentina ($X) and Peru ($X), with a combined 84% share of total exports.

Peru, with a CAGR of +30.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, with an increase of 7.9% against the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+3.8%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic Hoses and Hose Fittings

Imports in MERCOSUR

In 2021, plastic hose and hose fitting imports in MERCOSUR surged to X tons, picking up by 25% against the previous year. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 27%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons), Chile (X tons), Peru (X tons), Argentina (X tons), Colombia (X tons), Paraguay (X tons), Ecuador (X tons) and Uruguay (X tons) represented roughly 96% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +9.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported plastic hoses and hose fittings in MERCOSUR, comprising 35% of total imports. The second position in the ranking was taken by Chile ($X), with a 17% share of total imports. It was followed by Argentina, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +3.8%. In the other countries, the average annual rates were as follows: Chile (+6.2% per year) and Argentina (+2.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2019 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform