Southern Asia: Market for Plastic Fittings for Tubes, Pipes and Hoses 2025

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Southern Asia

The South Asian market for plastic fittings for tubes, pipes and hoses amounted to $X in 2021, increasing by 2.7% against the previous year. Overall, consumption, however, posted a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Southern Asia

In value terms, production of plastic fittings for tubes, pipes and hoses totaled $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Over the period under review, production of hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Southern Asia

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a mild contraction. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) represented the major exporter of plastic fittings for tubes, pipes and hoses in Southern Asia, generating 98% of total export.

India was also the fastest-growing in terms of the plastic fittings for tubes, pipes and hoses exports, with a CAGR of -1.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest plastic fittings for tubes, pipes and hoses supplier in Southern Asia.

In India, exports of plastic fittings for tubes, pipes and hoses increased at an average annual rate of +6.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 3.1% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses decreased by -3.4% against 2019 indices. The growth pace was the most rapid in 2013 when the export price increased by 23%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +7.7% per year.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Southern Asia

In 2021, overseas purchases of plastic fittings for tubes, pipes and hoses increased by 38% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the key importing country with an import of about X tons, which resulted at 49% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with an 18% share, followed by Pakistan (8.7%), Sri Lanka (7.3%), Nepal (7%) and Maldives (6.8%). Bhutan (X tons) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of imports of plastic fittings for tubes, pipes and hoses. At the same time, Bhutan (+52.8%), Nepal (+19.5%), Bangladesh (+19.3%) and Maldives (+14.5%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +52.8% from 2012-2021. By contrast, Pakistan (-5.4%) and Sri Lanka (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bangladesh, Nepal, Maldives and Bhutan increased by +14, +5.4, +4.5 and +2.6 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported plastic fittings for tubes, pipes and hoses in Southern Asia, comprising 75% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 7.9% share of total imports. It was followed by Sri Lanka, with a 5.2% share.

In India, imports of plastic fittings for tubes, pipes and hoses increased at an average annual rate of +12.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+24.2% per year) and Sri Lanka (+4.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 51% against the previous year. Import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for plastic fittings for tubes, pipes and hoses increased by +70.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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