Southern Asia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Southern Asia

After five years of growth, the South Asian market for plastic hoses and hose fittings decreased by -1.8% to $X in 2021. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.0% against 2015 indices. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Plastic Hoses and Hose Fittings in Southern Asia

In value terms, plastic hose and hose fitting production reduced modestly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +77.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Exports of Plastic Hoses and Hose Fittings

Exports in Southern Asia

Plastic hose and hose fitting exports surged to X tons in 2021, with an increase of 33% compared with the previous year. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Over the period under review, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) represented roughly 98% of total exports in 2021.

India was also the fastest-growing in terms of the plastic hoses and hose fittings exports, with a CAGR of +2.3% 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 hose and hose fitting supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India stood at +11.3%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 17% against the previous year. Overall, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue 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 2021, the rate of growth in terms of prices for India amounted to +8.9% per year.

Imports of Plastic Hoses and Hose Fittings

Imports in Southern Asia

In 2021, the amount of plastic hoses and hose fittings imported in Southern Asia surged to X tons, increasing by 22% compared with the previous year. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.2% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 58%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the largest importing country with an import of about X tons, which recorded 61% of total imports. Bangladesh (X tons) took the second position in the ranking, followed by Sri Lanka (X tons) and Pakistan (X tons). All these countries together took near 27% share of total imports. Afghanistan (X tons), Maldives (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plastic hose and hose fitting imports into India stood at +7.3%. At the same time, Nepal (+13.8%), Bangladesh (+7.3%) and Maldives (+7.1%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.8% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. By contrast, Pakistan (-3.0%) and Afghanistan (-10.1%) illustrated a downward trend over the same period. India (+14 p.p.) and Bangladesh (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka, Pakistan and Afghanistan saw its share reduced by -4.3%, -4.9% and -11.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plastic hoses and hose fittings in Southern Asia, comprising 79% of total imports. The second position in the ranking was held by Bangladesh ($X), with an 8% share of total imports. It was followed by Sri Lanka, with a 4.7% share.

In India, plastic hose and hose fitting imports increased at an average annual rate of +9.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+12.1% per year) and Sri Lanka (+3.4% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, increasing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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