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

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

In 2022, the U.S. market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 1.2% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, vinyl chloride polymer rigid pipes production totaled $X in 2022. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 33%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from the U.S.

Vinyl chloride polymer rigid pipes exports from the United States fell slightly to X tons in 2022, dropping by -3.6% on the previous year's figure. In general, exports recorded a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by 7.7%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Canada (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from the United States, with a 58% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-6.1% per year) and the UK (+3.8% per year).

In value terms, Canada ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from the United States, comprising 58% of total exports. The second position in the ranking was held by Mexico ($X), with an 18% share of total exports. It was followed by the UK, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.1% per year) and the UK (+8.0% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, picking up by 37% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +92.3% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the UK ($X per ton), while the average price for exports to Mexico ($X per ton) and Bahamas ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into the U.S.

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 16% to X tons, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate a prominent expansion. 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 expected to retain growth in years to come.

In value terms, vinyl chloride polymer rigid pipes imports surged to $X in 2022. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 69%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to the United States, together accounting for 79% of total imports. The Dominican Republic, Venezuela, Trinidad and Tobago, Vietnam and Costa Rica lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Trinidad and Tobago (with a CAGR of +195.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to the United States were Canada ($X), Mexico ($X) and China ($X), together comprising 78% of total imports. The Dominican Republic, Venezuela, Costa Rica, Trinidad and Tobago and Vietnam lagged somewhat behind, together comprising a further 10%.

Venezuela, with a CAGR of +200.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, growing by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Costa Rica ($X per ton), while the price for the Dominican Republic ($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 (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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