Overview of the Global Market for Plastic Hoses and Hose Fittings

Market Size for Plastic Hoses and Hose Fittings

The global market for plastic hoses and hose fittings expanded rapidly to $X in 2021, growing by 5.1% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Plastic Hoses and Hose Fittings

In value terms, plastic hose and hose fitting production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports

In 2021, shipments abroad of plastic hoses and hose fittings increased by 19% to X tons, rising for the fifth year in a row after two years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by Germany (X tons), Italy (X tons), the United States (X tons) and Turkey (X tons) represented the major exporters of plastic hoses and hose fittings, together creating 55% of total exports. The following exporters - Mexico (X tons), Spain (X tons), Poland (X tons), France (X tons), Canada (X tons), the Netherlands (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up 19% of total exports.

Exports from China increased at an average annual rate of +8.6% from 2012 to 2021. At the same time, Poland (+13.2%), Spain (+10.2%), Taiwan (Chinese) (+7.0%), Italy (+6.5%), Mexico (+5.9%), Germany (+4.0%), France (+3.6%), Turkey (+3.2%), Canada (+1.8%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.2% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, the Netherlands (-3.6%) illustrated a downward trend over the same period. While the share of China (+7 p.p.) and Italy (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the Netherlands (-1.8 p.p.) and the United States (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic hose and hose fitting supplying countries worldwide were Germany ($X), China ($X) and the United States ($X), with a combined 43% share of global exports. These countries were followed by Italy, Poland, Mexico, France, the Netherlands, Spain, Turkey, Canada, South Korea and Taiwan (Chinese), which together accounted for a further 27%.

Among the main exporting countries, Poland, with a CAGR of +16.1%, recorded the highest growth rate of the value of exports, 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 plastic hoses and hose fittings stood at $X per ton in 2021, rising by 4.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 5.6%. The global export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), while the other global leaders experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports

In 2021, the amount of plastic hoses and hose fittings imported worldwide surged to X tons, with an increase of 16% against the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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 +5.5% over the period from 2012 to 2021; 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

In 2021, the United States (X tons), followed by Germany (X tons) and Mexico (X tons) represented the main importers of plastic hoses and hose fittings, together mixing up 24% of total imports. The following importers - France (X tons), Belgium (X tons), the Netherlands (X tons), Russia (X tons), Canada (X tons), Poland (X tons), Austria (X tons), Spain (X tons), China (X tons) and Italy (X tons) - together made up 27% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +10.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting importing markets worldwide were the United States ($X), Germany ($X) and Mexico ($X), with a combined 25% share of global imports. China, France, the Netherlands, Poland, Russia, Belgium, Canada, Austria, Italy and Spain lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, the Netherlands, with a CAGR of +12.8%, 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

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, picking up by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average import price increased by 8.4% against the previous year. Global import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Belgium ($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 Netherlands (+14.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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