United Kingdom: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in the UK

The UK market for rigid tubes, pipes and hoses, of other polymers stood at $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in the UK

In value terms, production of rigid tubes, pipes and hoses, of other polymers expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

Exports from the UK

For the third consecutive year, the UK recorded growth in overseas shipments of rigid tubes, pipes and hoses, of other polymers, which increased by 18% to X tons in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 49% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers skyrocketed to $X in 2022. Over the period under review, exports enjoyed a notable expansion. The growth pace was the most rapid in 2021 with an increase of 52%. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from the UK, accounting for a 29% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.8% per year) and Brazil (+32.3% per year).

In value terms, the Netherlands ($X), Brazil ($X) and Germany ($X) were the largest markets for rigid tubes, pipes and hoses, of other polymers exported from the UK worldwide, with a combined 41% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +27.3%, saw 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

The average export price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, with an increase of 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2016 an increase of 19%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Ireland (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2022, imports of rigid tubes, pipes and hoses, of other polymers into the UK reduced to X tons, shrinking by -3.8% compared with the year before. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers amounted to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.8% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 20% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ireland (X tons) constituted the largest rigid tubes, pipes and hoses, of other polymers supplier to the UK, accounting for a 33% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from Ireland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+52.6% per year) and China (+9.5% per year).

In value terms, Germany ($X), Ireland ($X) and the United States ($X) appeared to be the largest rigid tubes, pipes and hoses, of other polymers suppliers to the UK, with a combined 47% share of total imports. Poland, China, Turkey, Finland, Norway, Italy, Spain, Malaysia, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 39%.

In terms of the main suppliers, Malaysia, with a CAGR of +88.7%, saw 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 import price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, surging by 5.6% against the previous year. In general, the import price, however, showed a slight contraction. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. 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 Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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