Overview of the Global Market for Other Plastic Tubes, Pipes and Hoses

Market Size for Other Plastic Tubes, Pipes and Hoses

The global market for other plastic tubes, pipes and hoses stood at $X in 2022, growing by 2.4% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.5% against 2012 indices. Over the period under review, the global market reached the maximum level in 2022 and is expected to retain growth in years to come.

Production of Other Plastic Tubes, Pipes and Hoses

In value terms, production of other plastic tubes, pipes and hoses rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +73.1% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. Over the period under review, global production of reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports

After two years of growth, overseas shipments of other plastic tubes, pipes and hoses decreased by -4% to X tons in 2022. The total export volume increased at an average annual rate of +4.7% 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 2021 with an increase of 19%. As a result, the exports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, exports of other plastic tubes, pipes and hoses stood at $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 23%. The global exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China was the largest exporter of other plastic tubes, pipes and hoses in the world, with the volume of exports resulting at X tons, which was approx. 33% of total exports in 2022. Italy (X tons) held the second position in the ranking, followed by Germany (X tons) and the United States (X tons). All these countries together held near 24% share of total exports. Spain (X tons), Turkey (X tons), Canada (X tons), Poland (X tons), Taiwan (Chinese) (X tons), Belgium (X tons), Switzerland (X tons), Mexico (X tons) and South Korea (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of +8.3% from 2012 to 2022. At the same time, Spain (+13.7%), Poland (+11.9%), Mexico (+7.4%), Germany (+5.2%), Taiwan (Chinese) (+4.6%), Italy (+3.6%), Canada (+3.1%) and Turkey (+1.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.7% from 2012-2022. Belgium, South Korea and Switzerland experienced a relatively flat trend pattern. By contrast, the United States (-2.0%) illustrated a downward trend over the same period. While the share of China (+9.4 p.p.) and Spain (+2.3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest other plastic tubes, pipes and hoses supplying countries worldwide were China ($X), Germany ($X) and the United States ($X), together accounting for 47% of global exports. Italy, Spain, Canada, Belgium, Poland, Switzerland, Turkey, Taiwan (Chinese), Mexico and South Korea lagged somewhat behind, together comprising a further 27%.

Spain, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, picking up by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Turkey ($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 (+6.4%), while the other global leaders experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports

In 2022, supplies from abroad of other plastic tubes, pipes and hoses decreased by -4% to X tons for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, imports of other plastic tubes, pipes and hoses reached $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +62.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons) were the main importers of other plastic tubes, pipes and hoses, together comprising 20% of total imports. The following importers - France (X tons), Russia (X tons), Canada (X tons), Italy (X tons), Iraq (X tons), the Netherlands (X tons), the UK (X tons), Austria (X tons), Australia (X tons), Indonesia (X tons) and Poland (X tons) - together made up 29% of total imports.

From 2012 to 2022, average annual rates of growth with regard to other plastic tubes, pipes and hoses imports into the United States stood at +7.0%. At the same time, the UK (+10.2%), Indonesia (+10.2%), Austria (+8.7%), France (+7.3%), Germany (+6.2%), Australia (+5.2%), Italy (+4.9%), Russia (+3.8%), Canada (+2.3%), Poland (+2.1%), the Netherlands (+1.8%) and Iraq (+1.7%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +10.2% from 2012-2022. From 2012 to 2022, the share of the United States increased by +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined 26% share of global imports. The Netherlands, Canada, the UK, Italy, Russia, Poland, Austria, Australia, Indonesia and Iraq lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, the Netherlands, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, with an increase of 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9%. Global import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Iraq ($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 Netherlands (+11.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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