South-Eastern Asia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in South-Eastern Asia

The Southeast Asian market for plastics pipes and pipe fittings dropped slightly to $X in 2022, approximately equating the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value 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, consumption decreased by -2.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Plastics Pipes And Pipe Fittings in South-Eastern Asia

In value terms, plastics pipe and pipe fitting production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 30% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in South-Eastern Asia

In 2022, overseas shipments of plastics pipes and pipe fittings increased by 21% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +5.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastics pipe and pipe fitting exports declined to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.3% against 2012 indices. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Malaysia (X tons), Vietnam (X tons), the Philippines (X tons) and Thailand (X tons) represented roughly 84% of total exports in 2022. Indonesia (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together took approx. 16% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +50.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting supplying countries in South-Eastern Asia were the Philippines ($X), Singapore ($X) and Malaysia ($X), together accounting for 68% of total exports.

The Philippines, with a CAGR of +43.3%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by -25.5% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the export price increased by 26%. The level of export peaked at $X per ton in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 (+7.1%), while the other leaders experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports in South-Eastern Asia

In 2022, supplies from abroad of plastics pipes and pipe fittings increased by 2.5% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 27%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, plastics pipe and pipe fitting imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Singapore (X tons), Indonesia (X tons), the Philippines (X tons), Thailand (X tons), Vietnam (X tons), Malaysia (X tons), Cambodia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) represented roughly 98% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +12.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Thailand ($X), together accounting for 58% of total imports. Vietnam, the Philippines, Malaysia, Cambodia, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together accounting for a further 41%.

Cambodia, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by 8.2% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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