Southern 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 Southern Asia

In 2022, the South Asian market for rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -0.8% to $X, falling for the third consecutive year after three years of growth. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 -1.1% against 2019 indices. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Southern Asia

In value terms, vinyl chloride polymer rigid pipes production reduced to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -0.2% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

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

Exports in Southern Asia

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 21% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, vinyl chloride polymer rigid pipes exports soared to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from India (X tons), together recording 98% of total export.

India was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of vinyl chloride exports, with a CAGR of +10.8% from 2012 to 2022. While the share of India (+1.6 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 vinyl chloride polymer rigid pipes supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +12.6%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, reducing by -1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 15%. As a result, the export price attained the peak level of $X per ton, and then fell slightly in the following year.

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 +1.7% per year.

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

Imports in Southern Asia

Vinyl chloride polymer rigid pipes imports dropped sharply to X tons in 2022, shrinking by -23% against 2021 figures. Over the period under review, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports attained the peak of X tons, and then declined sharply in the following year.

In value terms, vinyl chloride polymer rigid pipes imports plummeted to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +36.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

In 2022, Maldives (X tons), distantly followed by India (X tons), Pakistan (X tons), Bangladesh (X tons) and Nepal (X tons) represented the main importers of rigid tubes, pipes and hoses of polymers of vinyl chloride, together committing 92% of total imports. Bhutan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +29.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes importing markets in Southern Asia were India ($X), Maldives ($X) and Bangladesh ($X), together comprising 67% of total imports. Pakistan, Nepal, Bhutan and Sri Lanka lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Nepal, with a CAGR of +29.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by 2.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 9.5%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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