Thailand: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Thailand

The Thai market for plastic fittings for tubes, pipes and hoses rose notably to $X in 2021, surging by 11% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Thailand

In value terms, production of plastic fittings for tubes, pipes and hoses rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 30%. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Thailand

Exports of plastic fittings for tubes, pipes and hoses from Thailand reduced remarkably to X tons in 2021, which is down by -20% on 2020. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 187% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses expanded notably to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% 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 +42.5% against 2017 indices. The growth pace was the most rapid in 2013 when exports increased by 73%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Cambodia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Thailand, with a combined 63% share of total exports. Saudi Arabia, China, Maldives, the United States, Indonesia and the United Arab Emirates lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Lao People's Democratic Republic ($X) and the United States ($X) appeared to be the largest markets for plastic fittings for tubes, pipes and hoses exported from Thailand worldwide, together accounting for 42% of total exports. Myanmar, China, Saudi Arabia, Indonesia, Maldives and the United Arab Emirates lagged somewhat behind, together accounting for a further 31%.

China, with a CAGR of +43.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, increasing by 40% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Thailand

In 2021, the amount of plastic fittings for tubes, pipes and hoses imported into Thailand skyrocketed to X tons, jumping by 22% compared with 2020 figures. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 35%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest plastic fittings for tubes, pipes and hoses supplier to Thailand, with a 72% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+12.8% per year) and Taiwan (Chinese) (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Thailand, comprising 40% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.9% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.4% per year) and Germany (+4.2% per year).

Import Prices by Country

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, picking up by 2.1% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 9.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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