Northern America: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Northern America

In 2022, the North American market for plastics pipes and pipe fittings increased by 3.1% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Northern America

In value terms, plastics pipe and pipe fitting production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in Northern America

In 2022, plastics pipe and pipe fitting exports in Northern America fell modestly to X tons, which is down by -1.8% compared with the year before. In general, exports continue to indicate a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of 15%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports soared to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United States represented the major exporter of plastics pipes and pipe fittings in Northern America, with the volume of exports recording X tons, which was near 69% of total exports in 2022. It was distantly followed by Canada (X tons), mixing up a 31% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastics pipe and pipe fitting exports from the United States stood at -2.8%. At the same time, Canada (+3.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.4% from 2012-2022. Canada (+11 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -11.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest plastics pipe and pipe fitting supplier in Northern America, comprising 78% of total exports. The second position in the ranking was taken by Canada ($X), with a 22% share of total exports.

In the United States, plastics pipe and pipe fitting exports increased at an average annual rate of +3.8% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by 20% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price 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, plastics pipe and pipe fitting export price increased by +79.0% against 2012 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 (+6.7%).

Imports of Plastics Pipes And Pipe Fittings

Imports in Northern America

In 2022, supplies from abroad of plastics pipes and pipe fittings increased by 25% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastics pipe and pipe fitting imports surged to $X in 2022. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States represented the largest importing country with an import of around X tons, which accounted for 75% of total imports. It was distantly followed by Canada (X tons), generating a 25% share of total imports.

The United States was also the fastest-growing in terms of the plastics pipes and pipe fittings imports, with a CAGR of +12.5% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (+28 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -27.4% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported plastics pipes and pipe fittings in Northern America, comprising 72% of total imports. The second position in the ranking was taken by Canada ($X), with a 27% share of total imports.

In the United States, plastics pipe and pipe fitting imports expanded at an average annual rate of +11.4% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 an increase of 10%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.1%).

Source: IndexBox Platform

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