Northern America: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Northern America

The North American market for plastic hoses and hose fittings expanded markedly to $X in 2021, growing by 6.9% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Production of Plastic Hoses and Hose Fittings in Northern America

In value terms, plastic hose and hose fitting production fell modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports in Northern America

In 2021, overseas shipments of plastic hoses and hose fittings increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 12%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the largest exporter of plastic hoses and hose fittings in Northern America, with the volume of exports finishing at X tons, which was approx. 75% of total exports in 2021. It was distantly followed by Canada (X tons), comprising a 25% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of plastic hoses and hose fittings. At the same time, Canada (+1.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.8% from 2012-2021. While the share of Canada (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-3.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest plastic hose and hose fitting supplier in Northern America, comprising 88% of total exports. The second position in the ranking was taken by Canada ($X), with a 12% share of total exports.

In the United States, plastic hose and hose fitting exports expanded at an average annual rate of +5.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, surging by 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2019 an increase of 8.6%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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 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 (+6.1%).

Imports of Plastic Hoses and Hose Fittings

Imports in Northern America

In 2021, overseas purchases of plastic hoses and hose fittings increased by 24% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

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 +5.4% 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.

Imports by Country

The United States was the largest importer of plastic hoses and hose fittings in Northern America, with the volume of imports amounting to X tons, which was approx. 81% of total imports in 2021. It was distantly followed by Canada (X tons), making up an 18% share of total imports.

The United States was also the fastest-growing in terms of the plastic hoses and hose fittings imports, with a CAGR of +6.5% from 2012 to 2021. At the same time, Canada (+2.7%) displayed positive paces of growth. The United States (+5.3 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -5.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported plastic hoses and hose fittings in Northern America, comprising 83% of total imports. The second position in the ranking was held by Canada ($X), with a 17% share of total imports.

In the United States, plastic hose and hose fitting imports expanded at an average annual rate of +5.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 4.1% 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 when the import price increased by 11%. The level of import peaked at $X per ton in 2013; however, from 2014 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :