South-Eastern Asia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in South-Eastern Asia

The Southeast Asian market for plastic hoses and hose fittings surged to $X in 2021, with an increase of 15% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Production of Plastic Hoses and Hose Fittings in South-Eastern Asia

In value terms, plastic hose and hose fitting production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of plastic hoses and hose fittings, when their volume increased by 7% to X tons. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 24% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports expanded markedly to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

In 2021, Malaysia (X tons) and Vietnam (X tons) represented the major exporters of plastic hoses and hose fittings in South-Eastern Asia, together achieving 72% of total exports. Thailand (X tons) ranks next in terms of the total exports with a 16% share, followed by Singapore (7.7%). The following exporters - Indonesia (X tons) and the Philippines (X tons) - each finished at a 3.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +23.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting supplying countries in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and Singapore ($X), together accounting for 81% of total exports.

Vietnam, with a CAGR of +17.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 1.8% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+15.6%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports in South-Eastern Asia

In 2021, imports of plastic hoses and hose fittings in South-Eastern Asia reached X tons, increasing by 11% compared with the previous year. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.3% against 2015 indices. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, plastic hose and hose fitting imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.9% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Thailand (X tons), Vietnam (X tons), Singapore (X tons), Indonesia (X tons), the Philippines (X tons), Myanmar (X tons) and Malaysia (X tons) represented roughly 95% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting importing markets in South-Eastern Asia were Vietnam ($X), Singapore ($X) and Thailand ($X), with a combined 66% share of total imports.

Vietnam, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 8% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2016 when the import price increased by 13% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while Myanmar ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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