Saudi Arabia: 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 Saudi Arabia

The Saudi market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa contracted markedly to $X in 2021, which is down by -73.6% against the previous year. Overall, consumption saw a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports from Saudi Arabia

In 2021, the amount of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exported from Saudi Arabia soared to X tons, with an increase of 505% on 2020 figures. Overall, exports, however, continue to indicate a pronounced curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021. In general, exports showed a modest increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Saudi Arabia, accounting for a 64% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Yemen exceeded the volume sent to the second major destination, Kuwait (X tons), ninefold. The third position in this ranking was held by Niger (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-1.2% per year) and Niger (+18,392.5% per year).

In value terms, Yemen ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from Saudi Arabia, comprising 75% of total exports. The second position in the ranking was held by Kuwait ($X), with a 5.1% share of total exports. It was followed by Djibouti, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+0.8% per year) and Djibouti (+64.6% per year).

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, with an increase of 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Niger ($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 Yemen (+9.4%), 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 Saudi Arabia

In 2021, the amount of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa imported into Saudi Arabia reduced rapidly to X tons, with a decrease of -72.8% against 2020 figures. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 60%. Over the period under review, imports of attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa declined dramatically to $X in 2021. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 41%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa supplier to Saudi Arabia, accounting for a 32% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+41.9% per year) and France (-0.1% per year).

In value terms, the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to Saudi Arabia were Brazil ($X), the United Arab Emirates ($X) and Germany ($X), with a combined 58% share of total imports.

Brazil, with a CAGR of +207.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

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, falling by -7.6% against the previous year. In general, the import price, however, continues to indicate moderate growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 101% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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 Brazil ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+447.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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