United Kingdom: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in the UK

The UK market for plastic hoses and hose fittings expanded modestly to $X in 2021, picking up by 2.7% against the previous year. Overall, consumption enjoyed a strong increase. Plastic hose and hose fitting consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Plastic Hoses and Hose Fittings in the UK

In value terms, plastic hose and hose fitting production rose slightly to $X in 2021 estimated in export price. Overall, production, however, posted a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by 94%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Exports of Plastic Hoses and Hose Fittings

Exports from the UK

In 2021, shipments abroad of plastic hoses and hose fittings decreased by -6.6% to X tons, falling for the third consecutive year after seven years of growth. In general, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 13%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), France (X tons) and Hungary (X tons) were the main destinations of plastic hose and hose fitting exports from the UK, together comprising 32% of total exports. Ireland, the Netherlands, Sweden, Germany, the United States, Norway, Belgium, Spain, South Africa and the Czech Republic lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic hose and hose fitting exported from the UK were the United States ($X), the Netherlands ($X) and France ($X), together comprising 30% of total exports. Germany, Ireland, Sweden, Norway, Poland, Belgium, Hungary, Spain, South Africa and the Czech Republic lagged somewhat behind, together accounting for a further 39%.

Ireland, with a CAGR of +11.9%, 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

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, surging by 44% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic hose and hose fitting export price increased by +67.5% against 2018 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 external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Hungary ($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 Ireland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into the UK

In 2021, supplies from abroad of plastic hoses and hose fittings increased by 2.2% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of plastic hose and hose fitting imports to the UK, with a combined 47% share of total imports. These countries were followed by Italy, Austria, the Netherlands, Sweden, Poland, the United Arab Emirates, Turkey, the United States, the Czech Republic and Belgium, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest plastic hose and hose fitting suppliers to the UK, with a combined 47% share of total imports. These countries were followed by France, Italy, the Netherlands, the Czech Republic, Austria, Belgium, Sweden, Poland, Turkey and the United Arab Emirates, which together accounted for a further 41%.

The United Arab Emirates, with a CAGR of +36.9%, saw 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

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, growing by 24% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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