United Kingdom: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in the UK

In 2021, the UK market for plastic fittings for tubes, pipes and hoses was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a deep reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in the UK

In value terms, production of plastic fittings for tubes, pipes and hoses rose to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 16%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from the UK

In 2021, shipments abroad of plastic fittings for tubes, pipes and hoses increased by 2.3% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. The exports peaked 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 surged to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from the UK, with a 22% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Ireland exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+2.8% per year) and Italy (-1.3% per year).

In value terms, the United States ($X), Ireland ($X) and Germany ($X) were the largest markets for plastic fittings for tubes, pipes and hoses exported from the UK worldwide, with a combined 40% share of total exports. The Netherlands, Sweden, Italy, France, Belgium, the United Arab Emirates, Poland, Australia, Kuwait and Denmark lagged somewhat behind, together accounting for a further 35%.

Belgium, with a CAGR of +21.1%, saw 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

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, jumping by 29% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +91.0% against 2013 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 Poland (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into the UK

In 2021, supplies from abroad of plastic fittings for tubes, pipes and hoses decreased by -11.3% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 29%. Over the period under review, imports of hit record highs at X tons in 2020, and then shrank in the following year.

In value terms, imports of plastic fittings for tubes, pipes and hoses rose markedly to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.3% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Ireland (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to the UK, with a combined 52% share of total imports. China, Italy, Belgium, France, Austria, the United States and Israel lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +32.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to the UK were Germany ($X), the United States ($X) and China ($X), together comprising 49% of total imports. The Netherlands, Italy, Israel, Ireland, France, Belgium and Austria lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Austria, with a CAGR of +22.0%, saw the highest rates of growth with regard to 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 plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, rising by 27% against the previous year. In general, the import price, however, recorded a pronounced curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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