Singapore: 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 Singapore

The Singaporean market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021, jumping by 32% against the previous year. Overall, consumption recorded resilient growth. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa expanded remarkably to $X in 2021 estimated in export price. Overall, production posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 287% against the previous year. Over the period under review, production of reached the peak 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 Singapore

In 2021, overseas shipments of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa decreased by -27% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2016 when exports increased by 145%. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa shrank sharply to $X in 2021. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 135% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Singapore, accounting for a 45% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-9.4% per year) and Thailand (+7.1% per year).

In value terms, Malaysia ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from Singapore, comprising 34% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-2.7% per year) and China (+6.4% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa decreased by -8.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 72%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Myanmar ($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 Myanmar (+12.7%), 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 Singapore

In 2021, overseas purchases of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by 154% to X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, saw a noticeable curtailment. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021. The total import value 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Singapore, with a combined 65% share of total imports. The United States, the UK, Germany and South Korea lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to Singapore were the United States ($X), Malaysia ($X) and China ($X), with a combined 65% share of total imports. These countries were followed by Germany, India, the UK and South Korea, which together accounted for a further 22%.

Among the main suppliers, Germany, with a CAGR of +16.8%, 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 a burst pressure ≥ X MPa stood at $X per ton in 2021, dropping by -39.2% against the previous year. In general, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 65%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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