Thailand: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Thailand

The Thai market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa totaled $X in 2021, surging by 14% against the previous year. Over the period under review, consumption saw a mild setback. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in Thailand

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021 estimated in export price. Over the period under review, production saw a slight decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 58%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from Thailand

In 2021, shipments abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 70% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021. In general, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +29.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 62%. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons), Vietnam (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Thailand, with a combined 47% share of total exports. Myanmar, India, South Korea, Maldives, Germany, Mauritius, Norway, Singapore, the United States and Indonesia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +234.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exported from Thailand were South Korea ($X), the United States ($X) and India ($X), with a combined 35% share of total exports. These countries were followed by Cambodia, Vietnam, Lao People's Democratic Republic, Singapore, Germany, Maldives, Myanmar, Mauritius, Norway and Indonesia, which together accounted for a further 44%.

In terms of the main countries of destination, Norway, with a CAGR of +182.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the export price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into Thailand

In 2021, supplies from abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by 39% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa skyrocketed to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and India (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Thailand, together comprising 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +105.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to Thailand were China ($X), India ($X) and New Zealand ($X), with a combined 58% share of total imports.

Among the main suppliers, India, with a CAGR of +95.2%, 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

In 2021, the average import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by +74.5% against 2015 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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