Philippines: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in the Philippines

The Philippine market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021, jumping by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from the Philippines

In 2021, after three years of decline, there was significant growth in shipments abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa, when their volume increased by 307% to X tons. In general, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 964% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from the Philippines, accounting for a 95% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Japan exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Malaysia (X kg) ranked third in terms of total exports with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.2% per year) and Malaysia (-43.5% per year).

In value terms, Japan ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from the Philippines, comprising 99% of total exports. The second position in the ranking was held by China ($X), with a 1% share of total exports. It was followed by Malaysia, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.1% per year) and Malaysia (-36.0% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, picking up by 87% against the previous year. Overall, the export price, however, continues to indicate a slight setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into the Philippines

In 2021, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa into the Philippines soared to X tons, picking up by 22% on 2020. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by 1,124%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 509% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa supplier to the Philippines, accounting for a 95% share of total imports. It was followed by South Korea (X tons), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+15.1% per year) and Taiwan (Chinese) (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to the Philippines, comprising 42% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+30.0% per year) and Taiwan (Chinese) (+17.4% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, which is down by -5% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 523%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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