Thailand: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Thailand

In 2022, the Thai market for flexible tubes, pipes and hoses of plastics, with fittings was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a measured 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, consumption decreased by -11.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Thailand

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings fell modestly to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 72%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Thailand

In 2022, after two years of growth, there was significant decline in shipments abroad of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -41.2% to X tons. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 125%. As a result, the exports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings declined significantly to $X in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 82%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Thailand, accounting for a 42% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to the United States exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. India (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +90.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+120.6% per year) and India (+294.6% per year).

In value terms, the United States ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Thailand, comprising 38% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports. It was followed by Vietnam, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +84.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+36.9% per year) and Vietnam (+8.1% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, surging by 4.3% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 51%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Thailand

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, with fittings were imported into Thailand; waning by -16.1% compared with the previous year. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 166% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings reduced modestly to $X in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of flexible tubes, pipes and hoses of plastics, with fittings to Thailand, accounting for a 92% share of total imports. It was followed by Japan (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+23.9% per year) and Mexico (+68.1% per year).

In value terms, China ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Thailand, comprising 52% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.0% per year) and Mexico (+110.2% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2018 an increase of 78%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+25.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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