South-Eastern Asia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in South-Eastern Asia

The Southeast Asian market for rigid tubes, pipes and hoses of polymers of vinyl chloride totaled $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in South-Eastern Asia

In value terms, vinyl chloride polymer rigid pipes production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 25%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in South-Eastern Asia

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 6.1% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +28.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports expanded sharply to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +73.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Malaysia (X tons) and the Philippines (X tons) were the key exporters of rigid tubes, pipes and hoses of polymers of vinyl chloride in South-Eastern Asia, together finishing at approx. 81% of total exports. Thailand (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (5.8%). Singapore (X tons) took a minor 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 +102.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 88% share of total exports.

Among the main exporting countries, the Philippines, with a CAGR of +106.9%, saw the highest rates of growth with regard to the value of exports, 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, approximately equating the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +61.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 26%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in South-Eastern Asia

Vinyl chloride polymer rigid pipes imports rose remarkably to X tons in 2022, growing by 5.1% on the previous year. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.8% 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 +34.9% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 33% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, vinyl chloride polymer rigid pipes imports totaled $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +63.2% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Singapore (X tons) was the key importer of rigid tubes, pipes and hoses of polymers of vinyl chloride, generating 35% of total imports. Indonesia (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (10%), Thailand (9.9%), Myanmar (9%), Lao People's Democratic Republic (8.2%), Cambodia (5.8%) and Malaysia (5.7%).

From 2012 to 2022, average annual rates of growth with regard to vinyl chloride polymer rigid pipes imports into Singapore stood at +4.1%. At the same time, Lao People's Democratic Republic (+64.7%), Myanmar (+24.8%), Indonesia (+16.7%), Cambodia (+15.7%), Vietnam (+9.4%), Thailand (+8.9%) and Malaysia (+2.8%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +64.7% from 2012-2022. While the share of Lao People's Democratic Republic (+8 p.p.), Myanmar (+6.7 p.p.), Indonesia (+5.7 p.p.) and Cambodia (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-4.3 p.p.) and Singapore (-19.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of vinyl chloride in South-Eastern Asia, comprising 29% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Vietnam, with a 13% share.

In Singapore, vinyl chloride polymer rigid pipes imports increased at an average annual rate of +3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+17.3% per year) and Vietnam (+7.0% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 5% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by 6.6% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Myanmar ($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 (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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