Republic of Korea: 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 Republic of Korea

The South Korean market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021, with an increase of 16% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in Republic of Korea

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa surged to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 37% against the previous year. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

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

Exports from Republic of Korea

Exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from South Korea skyrocketed to X tons in 2021, growing by 20% against 2020 figures. In general, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 137% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a 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, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from South Korea, together comprising 46% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +109.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Mexico ($X) constituted the largest markets for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exported from South Korea worldwide, together accounting for 35% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +99.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2013 an increase of 48%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($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 the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Republic of Korea

In 2021, purchases abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by 31% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa expanded sharply to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa supplier to South Korea, with a 68% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), tenfold. The third position in this ranking was taken by Spain (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+119.6% per year) and Spain (+70.4% per year).

In value terms, the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to South Korea were China ($X), the United States ($X) and Thailand ($X), together comprising 66% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +143.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, shrinking by -18% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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