Russian Federation: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in the Russian Federation

The Russian market for plastic hoses and hose fittings surged to $X in 2021, increasing by 19% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in the Russian Federation

In value terms, plastic hose and hose fitting production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 10% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from the Russian Federation

In 2021, the amount of plastic hoses and hose fittings exported from Russia surged to X tons, with an increase of 17% against 2020. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 28% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. In general, total exports indicated a prominent increase 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, exports increased by +71.0% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Uzbekistan (X tons) were the main destinations of plastic hose and hose fitting exports from Russia, together comprising 50% of total exports. Ukraine, Lithuania, Austria, Kyrgyzstan, Thailand, Azerbaijan, Poland, Armenia and Bulgaria lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +236.5%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Lithuania ($X) were the largest markets for plastic hose and hose fitting exported from Russia worldwide, together accounting for 42% of total exports. These countries were followed by Ukraine, Uzbekistan, Thailand, Austria, Poland, Azerbaijan, Kyrgyzstan, Bulgaria and Armenia, which together accounted for a further 26%.

Among the main countries of destination, Austria, with a CAGR of +271.5%, saw the highest growth rate of 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

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, surging by 4.7% against the previous year. In general, the export price, however, recorded a perceptible downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Uzbekistan ($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 Austria (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into the Russian Federation

In 2021, plastic hose and hose fitting imports into Russia expanded sharply to X tons, picking up by 9% on the previous year. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 26%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +80.3% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of plastic hose and hose fitting imports to Russia, with a combined 43% share of total imports. These countries were followed by Belarus, Spain, Israel, Sweden, Italy, Ukraine, Argentina, Turkey and Belgium, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Poland ($X) were the largest plastic hose and hose fitting suppliers to Russia, with a combined 42% share of total imports. These countries were followed by Spain, Belarus, Italy, Sweden, Belgium, Israel, Ukraine, Turkey and Argentina, which together accounted for a further 25%.

Spain, with a CAGR of +33.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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