Northern America: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Northern America

The North American ethylene polymer rigid pipes market shrank to $X in 2021, which is down by -5.3% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Northern America

In value terms, ethylene polymer rigid pipes production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in Northern America

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports skyrocketed to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

The United States represented the major exporter of rigid tubes, pipes and hoses of polymers of ethylene in Northern America, with the volume of exports resulting at X tons, which was near 59% of total exports in 2021. It was distantly followed by Canada (X tons), achieving a 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +4.2%).

In value terms, the United States ($X) remains the largest ethylene polymer rigid pipes supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by Canada ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to -1.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.0%).

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in Northern America

In 2021, supplies from abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 33% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 124%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, ethylene polymer rigid pipes imports surged to $X in 2021. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 110%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States was the main importer of rigid tubes, pipes and hoses of polymers of ethylene in Northern America, with the volume of imports accounting for X tons, which was near 75% of total imports in 2021. It was distantly followed by Canada (X tons), comprising a 25% share of total imports.

The United States was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of ethylene imports, with a CAGR of +14.5% from 2012 to 2021. Canada (-4.7%) illustrated a downward trend over the same period. The United States (+38 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -38.3% from 2012 to 2021, respectively.

In value terms, the largest ethylene polymer rigid pipes importing markets in Northern America were the United States ($X) and Canada ($X).

Among the main importing countries, the United States, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.8%).

Source: IndexBox Platform

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