Northern America: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Northern America

The North American market for other plastic tubes, pipes and hoses rose to $X in 2022, increasing by 1.7% against the previous year. In general, consumption, however, saw a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Other Plastic Tubes, Pipes and Hoses in Northern America

In value terms, production of other plastic tubes, pipes and hoses rose significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 33%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports in Northern America

In 2022, overseas shipments of other plastic tubes, pipes and hoses increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 44% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of other plastic tubes, pipes and hoses skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 28%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) and Canada (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +3.1%).

In value terms, the United States ($X) remains the largest other plastic tubes, pipes and hoses supplier in Northern America, comprising 76% of total exports. The second position in the ranking was held by Canada ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +4.2%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 3% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2020 when the export price increased by 19%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%).

Imports of Other Plastic Tubes, Pipes and Hoses

Imports in Northern America

In 2022, approx. X tons of other plastic tubes, pipes and hoses were imported in Northern America; reducing by -4.3% compared with the previous year. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.9% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 42%. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, imports of other plastic tubes, pipes and hoses amounted to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the largest importer of other plastic tubes, pipes and hoses, generating 83% of total imports. It was distantly followed by Canada (X tons), generating a 17% share of total imports.

The United States was also the fastest-growing in terms of the other plastic tubes, pipes and hoses imports, with a CAGR of +7.0% from 2012 to 2022. At the same time, Canada (+2.3%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported other plastic tubes, pipes and hoses in Northern America, comprising 81% of total imports. The second position in the ranking was held by Canada ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +5.5%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 8.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.2%).

Source: IndexBox Platform

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