Saudi Arabia: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Saudi Arabia

The Saudi market for flexible tubes, pipes and hoses of plastics, with fittings stood at $X in 2022, surging by 11% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Saudi Arabia

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings rose significantly to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +28.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 71% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Saudi Arabia

In 2021, the amount of flexible tubes, pipes and hoses of plastics, with fittings exported from Saudi Arabia shrank notably to X tons, dropping by -49.5% against 2020 figures. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 123% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings declined significantly to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 463%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Libya (X tons) and Bahrain (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with fittings from Saudi Arabia, together comprising 90% 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 Libya (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Libya ($X) emerged as the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Saudi Arabia, comprising 44% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Iraq, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Libya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-18.1% per year) and Iraq (-31.1% per year).

Export Prices by Country

In 2021, the average export price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, dropping by -40.8% against the previous year. Over the period under review, the export price, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 178% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Bahrain ($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 China (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Saudi Arabia

Imports of flexible tubes, pipes and hoses of plastics, with fittings into Saudi Arabia amounted to X tons in 2022, growing by 14% compared with the previous year. Overall, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 420%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings amounted to $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 302%. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with fittings to Saudi Arabia, with a combined 68% share of total imports. South Korea, Germany and the UK lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +133.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Spain ($X) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings suppliers to Saudi Arabia, together accounting for 56% of total imports. The UK, Germany and South Korea lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, the UK, with a CAGR of +66.8%, saw the highest rates of growth with regard to 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 fittings stood at $X per ton in 2022, waning by -11.8% against the previous year. Overall, the import price recorded a pronounced downturn. The growth pace was the most rapid in 2013 when the average import price increased by 175% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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