South-Eastern Asia: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in South-Eastern Asia

After two years of growth, the Southeast Asian ethylene polymer rigid pipes market decreased by -7.1% to $X in 2021. Over the period under review, consumption, however, recorded slight growth. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in South-Eastern Asia

In value terms, ethylene polymer rigid pipes production dropped to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in South-Eastern Asia

Ethylene polymer rigid pipes exports totaled X tons in 2021, surging by 5.6% on 2020 figures. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.0% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 69% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, ethylene polymer rigid pipes exports stood at $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 21%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand was the largest exporter of rigid tubes, pipes and hoses of polymers of ethylene in South-Eastern Asia, with the volume of exports recording X tons, which was approx. 64% of total exports in 2021. It was distantly followed by Malaysia (X tons), generating a 30% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of ethylene exports, with a CAGR of +6.0% from 2012 to 2021. Malaysia experienced a relatively flat trend pattern. Vietnam (-13.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand increased by +20 percentage points.

In value terms, the largest ethylene polymer rigid pipes supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Vietnam ($X), with a combined 88% share of total exports.

Malaysia, with a CAGR of +4.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, waning by -4.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 20%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in South-Eastern Asia

In 2021, after four years of growth, there was significant decline in overseas purchases of rigid tubes, pipes and hoses of polymers of ethylene, when their volume decreased by -20.1% to X tons. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 47%. The volume of import peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, ethylene polymer rigid pipes imports declined rapidly to $X in 2021. Over the period under review, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

In 2021, the Philippines (X tons) was the largest importer of rigid tubes, pipes and hoses of polymers of ethylene, mixing up 37% of total imports. It was distantly followed by Indonesia (X tons), Cambodia (X tons), Singapore (X tons), Thailand (X tons), Malaysia (X tons), Lao People's Democratic Republic (X tons) and Myanmar (X tons), together generating a 54% share of total imports.

Imports into the Philippines increased at an average annual rate of +27.4% from 2012 to 2021. At the same time, Myanmar (+41.8%), Cambodia (+24.3%), Thailand (+15.7%) and Indonesia (+12.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +41.8% from 2012-2021. Malaysia and Lao People's Democratic Republic experienced a relatively flat trend pattern. By contrast, Singapore (-4.7%) illustrated a downward trend over the same period. While the share of the Philippines (+27 p.p.), Cambodia (+7.4 p.p.), Myanmar (+4.1 p.p.) and Thailand (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-6.9 p.p.), Lao People's Democratic Republic (-7.8 p.p.) and Singapore (-22.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of ethylene in South-Eastern Asia, comprising 29% of total imports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total imports. It was followed by Singapore, with a 13% share.

In the Philippines, ethylene polymer rigid pipes imports expanded at an average annual rate of +25.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+6.3% per year) and Singapore (+0.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, falling by -27.4% against the previous year. Overall, the import price saw a perceptible slump. The growth pace was the most rapid in 2020 when the import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced markedly in the following year.

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 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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