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

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

In 2021, the North American market for plastic fittings for tubes, pipes and hoses increased by 2.7% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the market value increased by 9.3% against the previous year. Over the period under review, the market attained the peak level at $X in 2018; afterwards, it flattened through to 2021.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Northern America

In value terms, production of plastic fittings for tubes, pipes and hoses stood at $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.8%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Northern America

After two years of decline, shipments abroad of plastic fittings for tubes, pipes and hoses increased by 15% to X tons in 2021. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the main exporter of plastic fittings for tubes, pipes and hoses in Northern America, with the volume of exports recording X tons, which was approx. 65% of total exports in 2021. It was distantly followed by Canada (X tons), making up a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +8.4%).

In value terms, the United States ($X) remains the largest plastic fittings for tubes, pipes and hoses supplier in Northern America, comprising 82% of total exports. The second position in the ranking was taken by Canada ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +6.2%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.4%).

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Northern America

In 2021, imports of plastic fittings for tubes, pipes and hoses in Northern America soared to X tons, increasing by 20% compared with the previous year's figure. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.9% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 43% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.4% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importer of plastic fittings for tubes, pipes and hoses in Northern America, with the volume of imports resulting at X tons, which was near 73% of total imports in 2021. It was distantly followed by Canada (X tons), constituting a 27% share of total imports.

The United States was also the fastest-growing in terms of the plastic fittings for tubes, pipes and hoses imports, with a CAGR of +10.5% from 2012 to 2021. At the same time, Canada (+4.2%) displayed positive paces of growth. The United States (+11 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -11.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported plastic fittings for tubes, pipes and hoses in Northern America, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +9.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.8%).

Source: IndexBox Platform

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