Northern America: 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 Northern America

The North American market for flexible tubes, pipes and hoses of plastics, with fittings dropped modestly to $X in 2022, waning by -2.5% against the previous year. In general, consumption posted a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in Northern America

In 2022, exports of flexible tubes, pipes and hoses of plastics, with fittings in Northern America reached X tons, surging by 1.7% against the previous year. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings rose modestly to $X in 2022. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The United States was the largest exporting country with an export of about X tons, which resulted at 80% of total exports. It was distantly followed by Canada (X tons), committing a 20% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, with fittings exports from the United States stood at +2.9%. At the same time, Canada (+10.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +10.5% from 2012-2022. From 2012 to 2022, the share of Canada increased by +9.1 percentage points.

In value terms, the United States ($X) remains the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 5.5% share of total exports.

In the United States, exports of flexible tubes, pipes and hoses of plastics, with fittings expanded at an average annual rate of +11.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, growing by 3.2% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 29%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat 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 the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%).

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

Imports in Northern America

For the fifth year in a row, Northern America recorded growth in supplies from abroad of flexible tubes, pipes and hoses of plastics, with fittings, which increased by 10% to X tons in 2022. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings surged to $X in 2022. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates fittings structure, recording X tons, which was near 92% of total imports in 2022. It was distantly followed by Canada (X tons), comprising a 7.6% share of total imports.

The United States was also the fastest-growing in terms of the flexible tubes, pipes and hoses of plastics, with fittings imports, with a CAGR of +9.7% from 2012 to 2022. At the same time, Canada (+7.2%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +1.8 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in Northern America, comprising 92% of total imports. The second position in the ranking was taken by Canada ($X), with an 8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +14.0%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 51% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%).

Source: IndexBox Platform

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