Southern Asia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Southern Asia

The South Asian market for plastics pipes and pipe fittings declined slightly to $X in 2022, remaining constant against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.1% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Southern Asia

In value terms, plastics pipe and pipe fitting production reduced modestly to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in Southern Asia

In 2022, overseas shipments of plastics pipes and pipe fittings increased by 12% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +68.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, plastics pipe and pipe fitting exports surged to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +88.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

India (X tons) represented roughly 98% of total exports in 2022.

India was also the fastest-growing in terms of the plastics pipes and pipe fittings exports, with a CAGR of +6.0% from 2012 to 2022. While the share of India (+25 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest plastics pipe and pipe fitting supplier in Southern Asia.

In India, plastics pipe and pipe fitting exports expanded at an average annual rate of +8.3% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 8.1%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 +2.2% per year.

Imports of Plastics Pipes And Pipe Fittings

Imports in Southern Asia

In 2022, plastics pipe and pipe fitting imports in Southern Asia reduced sharply to X tons, dropping by -16.6% compared with 2021 figures. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, plastics pipe and pipe fitting imports declined to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +26.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, India (X tons) and Bangladesh (X tons) represented the key importers of plastics pipes and pipe fittings in Southern Asia, together accounting for near 57% of total imports. Maldives (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (9.9%), Sri Lanka (8.9%) and Nepal (8.3%). Bhutan (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nepal (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported plastics pipes and pipe fittings in Southern Asia, comprising 57% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 17% share of total imports. It was followed by Maldives, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +6.9%. In the other countries, the average annual rates were as follows: Bangladesh (+15.9% per year) and Maldives (+7.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, growing by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2014 an increase of 17% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 India (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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