United Kingdom: 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 UK

The UK market for rigid tubes, pipes and hoses of polymers of vinyl chloride totaled $X in 2022, therefore, remained relatively stable against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 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 UK

In value terms, vinyl chloride polymer rigid pipes production reached $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -14.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports from the UK

After two years of decline, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 17% to X tons in 2022. Over the period under review, exports, however, saw a slight descent. The pace of growth appeared the most rapid in 2016 with an increase of 21%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. In general, exports, however, recorded a pronounced downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from the UK, together accounting for 47% of total exports. Denmark, Poland, the Netherlands and France lagged somewhat behind, together comprising a further 8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +9.0%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Ireland ($X) and the United Arab Emirates ($X) constituted the largest markets for vinyl chloride polymer rigid pipes exported from the UK worldwide, with a combined 41% share of total exports. Denmark, Poland, France and the Netherlands lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Poland, with a CAGR of +22.8%, 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 polymers of vinyl chloride stood at $X per ton in 2022, surging by 22% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+12.7%), 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 UK

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 43%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports soared to $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to the UK, with a 48% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Ireland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.1% per year) and France (+20.8% per year).

In value terms, Ireland ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to the UK, comprising 35% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Ireland totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.6% per year) and the Netherlands (+3.6% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, increasing by 5.5% against the previous year. Over the period under review, the import price, however, showed a mild slump. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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