Southern 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 Southern Asia

The South Asian market for flexible tubes, pipes and hoses of plastics, with fittings reached $X in 2022, with an increase of 8.2% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Southern Asia

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings expanded notably to $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports in Southern Asia

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings exported in Southern Asia reduced sharply to X tons, shrinking by -32.7% on 2021. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings declined dramatically to $X in 2022. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 79%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2022.

India was also the fastest-growing in terms of the flexible tubes, pipes and hoses of plastics, with fittings exports, with a CAGR of +6.2% from 2012 to 2022. From 2012 to 2022, the share of India increased by +82 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +24.7%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 16% against the previous year. Overall, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 76%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +17.4% per year.

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

Imports in Southern Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of flexible tubes, pipes and hoses of plastics, with fittings, when their volume increased by 21% to X tons. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2015 with an increase of 189%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings rose significantly to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 108%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India (X tons) and Bangladesh (X tons) represented roughly 74% of total imports in 2022. Sri Lanka (X tons) held the next position in the ranking, followed by Pakistan (X tons). All these countries together held approx. 23% share of total imports. Maldives (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in Southern Asia, comprising 72% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 15% share of total imports. It was followed by Sri Lanka, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +18.1%. In the other countries, the average annual rates were as follows: Bangladesh (+23.1% per year) and Sri Lanka (+13.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, declining by -9.3% against the previous year. Over the period under review, the import price, however, posted a prominent expansion. The growth pace was the most rapid in 2014 an increase of 113%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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