Thailand: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Thailand

The Thai market for rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022, waning by -12.6% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 -15.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Thailand

In value terms, production of rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -24.3% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 73% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Thailand

In 2022, overseas shipments of rigid tubes, pipes and hoses, of other polymers decreased by -0.1% to X tons, falling for the third year in a row after two years of growth. In general, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.4% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 34% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers fell to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Thailand, accounting for a 39% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to the United States exceeded the volume sent to the second major destination, Myanmar (X tons), threefold. The third position in this ranking was held by Cambodia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+27.2% per year) and Cambodia (-10.0% per year).

In value terms, the United States ($X) remains the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from Thailand, comprising 22% of total exports. The second position in the ranking was taken by China ($X), with an 8.5% share of total exports. It was followed by Cambodia, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.0% per year) and Cambodia (-2.3% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, falling by -9.9% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 54%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Myanmar ($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 Malaysia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Thailand

In 2022, after two years of growth, there was significant decline in supplies from abroad of rigid tubes, pipes and hoses, of other polymers, when their volume decreased by -34.5% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers declined markedly to $X in 2022. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest rigid tubes, pipes and hoses, of other polymers supplier to Thailand, with a 73% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.2% per year) and Taiwan (Chinese) (+5.4% per year).

In value terms, the largest rigid tubes, pipes and hoses, of other polymers suppliers to Thailand were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 60% share of total imports. Italy, Spain, India, Malaysia and Finland lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Italy, with a CAGR of +8.0%, recorded 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 average import price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, increasing by 8.6% against the previous year. Over the period under review, the import price, however, recorded a pronounced decrease. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :