United Kingdom: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in the UK

The UK market for plastics pipes and pipe fittings stood at $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in the UK

In value terms, plastics pipe and pipe fitting production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 with an increase of 15%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from the UK

After three years of decline, overseas shipments of plastics pipes and pipe fittings increased by 1.2% to X tons in 2022. Overall, exports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 11% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports totaled $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Ireland (X tons) was the main destination for plastics pipe and pipe fitting exports from the UK, with a 20% share of total exports. Moreover, plastics pipe and pipe fitting exports to Ireland exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.0% per year) and Germany (-2.0% per year).

In value terms, the largest markets for plastics pipe and pipe fitting exported from the UK were the United States ($X), Ireland ($X) and Germany ($X), together comprising 33% of total exports. The Netherlands, China, France, Italy, the United Arab Emirates, Poland, Kuwait, Denmark, Turkey and Singapore lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, China, with a CAGR of +21.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, growing by 5.1% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price increased by +90.9% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 30% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into the UK

In 2022, the amount of plastics pipes and pipe fittings imported into the UK stood at X tons, increasing by 2.7% on 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 21% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, plastics pipe and pipe fitting imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Ireland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of plastics pipe and pipe fitting imports to the UK, with a combined 51% share of total imports. Italy, China, France, Belgium, the United States, Turkey, Poland, India and Spain lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +23.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to the UK were the United States ($X), Germany ($X) and Ireland ($X), with a combined 42% share of total imports. China, Italy, the Netherlands, France, Poland, Belgium, Turkey, Spain and India lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, Turkey, with a CAGR of +22.7%, 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

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, growing by 2.9% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting import price increased by +68.1% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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