U.S.: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in the U.S.

The U.S. propylene polymer rigid pipes market totaled $X in 2022, rising by 2.3% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by 5.8% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in the U.S.

In value terms, propylene polymer rigid pipes production shrank slightly to $X in 2022. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 9.1% against the previous year. Propylene polymer rigid pipes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from the U.S.

After two years of growth, overseas shipments of rigid tubes, pipes and hoses of polymers of propylene decreased by -9.2% to X tons in 2022. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports amounted to $X in 2022. In general, exports, however, recorded a modest increase. The pace of growth appeared the most rapid in 2021 with an increase of 49%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X tons) was the main destination for propylene polymer rigid pipes exports from the United States, with a 27% share of total exports. Moreover, propylene polymer rigid pipes exports to Canada exceeded the volume sent to the second major destination, the Dominican Republic (X tons), fivefold. The third position in this ranking was held by Mexico (X tons), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+34.2% per year) and Mexico (-13.3% per year).

In value terms, Canada ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from the United States, comprising 28% of total exports. The second position in the ranking was held by Mexico ($X), with a 5% share of total exports. It was followed by the Dominican Republic, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-3.5% per year) and the Dominican Republic (+18.4% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, surging by 24% against the previous year. Overall, the export price continues to indicate notable growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Colombia ($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 China (+36.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2022, the amount of rigid tubes, pipes and hoses of polymers of propylene imported into the United States skyrocketed to X tons, growing by 38% against 2021. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, propylene polymer rigid pipes imports surged to $X in 2022. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), South Korea (X tons) and Venezuela (X tons) were the main suppliers of propylene polymer rigid pipes imports to the United States, with a combined 19% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +134.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and China ($X) constituted the largest propylene polymer rigid pipes suppliers to the United States, together comprising 18% of total imports. Vietnam, Austria, Venezuela, Italy, Belgium, Canada, Thailand, the Netherlands and Mexico lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Venezuela, with a CAGR of +186.7%, 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 propylene polymer rigid pipes import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 9.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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