Saudi Arabia: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Saudi Arabia

The Saudi market for flexible tubes, pipes and hoses of plastics, without fittings totaled $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Saudi Arabia

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings expanded slightly to $X in 2022 estimated in export price. Overall, production, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 61%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Saudi Arabia

In 2022, exports of flexible tubes, pipes and hoses of plastics, without fittings from Saudi Arabia soared to X tons, increasing by 32% against the previous year's figure. Overall, exports, however, saw a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 99%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2022. In general, exports saw prominent growth. The growth pace was the most rapid in 2017 with an increase of 112%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Kuwait (X tons), Jordan (X tons) and Iraq (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, without fittings from Saudi Arabia, with a combined 49% share of total exports. Yemen, Pakistan, the United Arab Emirates, Portugal, Egypt, Bahrain and Turkey lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from Saudi Arabia were Kuwait ($X), Jordan ($X) and Portugal ($X), with a combined 41% share of total exports. The United Arab Emirates, Iraq, Yemen, Pakistan, Egypt, Bahrain and Turkey lagged somewhat behind, together accounting for a further 47%.

In terms of the main countries of destination, Egypt, with a CAGR of +28.4%, 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 flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, dropping by -10% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 25% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Saudi Arabia

In 2022, supplies from abroad of flexible tubes, pipes and hoses of plastics, without fittings increased by 24% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 30%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings dropped slightly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 34% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Jordan (X tons) and Indonesia (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Saudi Arabia, with a combined 61% share of total imports. Egypt, Germany, Italy and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Indonesia ($X) were the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Saudi Arabia, with a combined 53% share of total imports. Jordan, the UK, Egypt and Italy lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, the UK, with a CAGR of +13.0%, 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, without fittings stood at $X per ton in 2022, falling by -23.1% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flexible tubes, pipes and hoses of plastics, without fittings increased by +47.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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