Northern America: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Northern America

In 2022, the North American market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 1.6% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Northern America

In value terms, vinyl chloride polymer rigid pipes production declined modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in Northern America

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -14.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +100.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the two major exporters of rigid tubes, pipes and hoses of polymers of vinyl chloride, namely the United States and Canada, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +1.3%).

In value terms, the United States ($X) remains the largest vinyl chloride polymer rigid pipes supplier in Northern America, comprising 69% of total exports. The second position in the ranking was held by Canada ($X), with a 31% share of total exports.

In the United States, vinyl chloride polymer rigid pipes exports increased at an average annual rate of +4.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, jumping by 48% against the previous year. Export price indicated a strong expansion 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, vinyl chloride polymer rigid pipes export price increased by +71.7% against 2015 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 (+6.5%).

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in Northern America

In 2022, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 14% to X tons, rising for the sixth year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +88.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, vinyl chloride polymer rigid pipes imports soared to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The United States was the major importer of rigid tubes, pipes and hoses of polymers of vinyl chloride in Northern America, with the volume of imports finishing at X tons, which was approx. 73% of total imports in 2022. It was distantly followed by Canada (X tons), comprising a 27% share of total imports.

The United States was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of vinyl chloride imports, with a CAGR of +8.3% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (+16 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-15.5 p.p.) displayed negative dynamics.

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

In terms of the main importing countries, the United States, with a CAGR of +12.4%, 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 2022, jumping by 32% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +65.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 (+6.8%).

Source: IndexBox Platform

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