Saudi Arabia: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Saudi Arabia

In 2021, the Saudi market for plastic fittings for tubes, pipes and hoses increased by 35% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded a buoyant expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Saudi Arabia

In 2021, after four years of growth, there was significant decline in shipments abroad of plastic fittings for tubes, pipes and hoses, when their volume decreased by -12.6% to X tons. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 178%. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, exports of plastic fittings for tubes, pipes and hoses totaled $X in 2021. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 153%. Over the period under review, the exports of reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Yemen (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Saudi Arabia, with a 59% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Yemen exceeded the volume sent to the second major destination, Jordan (X tons), fivefold. Kuwait (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Yemen stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+51.2% per year) and Kuwait (+2.7% per year).

In value terms, Yemen ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Saudi Arabia, comprising 52% of total exports. The second position in the ranking was taken by Jordan ($X), with an 18% share of total exports. It was followed by Kuwait, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen stood at +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+55.1% per year) and Kuwait (+6.6% per year).

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, growing by 27% against the previous year. Over the last nine years, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2016 an increase of 38% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while the average price for exports to Pakistan ($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 Djibouti (+77.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Saudi Arabia

Imports of plastic fittings for tubes, pipes and hoses into Saudi Arabia skyrocketed to X tons in 2021, rising by 18% on the previous year's figure. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 when imports increased by 109% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 86%. Over the period under review, imports of reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest plastic fittings for tubes, pipes and hoses supplier to Saudi Arabia, with a 32% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.9% per year) and the United Arab Emirates (+21.8% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest plastic fittings for tubes, pipes and hoses suppliers to Saudi Arabia, together comprising 42% of total imports. These countries were followed by Italy, Japan, the United Arab Emirates, India, Thailand, Bahrain, Moldova, Egypt and Turkey, which together accounted for a further 40%.

Japan, with a CAGR of +81.1%, recorded 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 fittings for tubes, pipes and hoses amounted to $X per ton, increasing by 8.8% against the previous year. Overall, the import price, however, recorded a slight curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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