South-Eastern Asia: 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 South-Eastern Asia

In 2022, the Southeast Asian market for flexible tubes, pipes and hoses of plastics, with fittings decreased by -4.3% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in South-Eastern Asia

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in South-Eastern Asia

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, with fittings were exported in South-Eastern Asia; rising by 19% on 2021. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 61%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore was the main exporting country with an export of around X tons, which reached 43% of total exports. Thailand (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (14%), Vietnam (9.7%) and Indonesia (4.6%).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +60.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 8.6% share of total exports. It was followed by Thailand, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to +42.9%. In the other countries, the average annual rates were as follows: Malaysia (+32.6% per year) and Thailand (+21.1% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 223% against the previous year. Overall, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+23.1%), while the other leaders experienced more modest paces of growth.

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

Imports in South-Eastern Asia

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, with fittings were imported in South-Eastern Asia; with a decrease of -9.7% on 2021. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2017 with an increase of 62%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings expanded significantly to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 47% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of flexible tubes, pipes and hoses of plastics, with fittings, namely Vietnam, Singapore and Indonesia, represented more than two-thirds of total import. Thailand (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (9.5%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in South-Eastern Asia, comprising 57% of total imports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total imports. It was followed by Thailand, with a 7.8% share.

In Singapore, imports of flexible tubes, pipes and hoses of plastics, with fittings expanded at an average annual rate of +18.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+20.5% per year) and Thailand (+7.6% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, jumping by 21% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% 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, with fittings increased by +42.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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