Overview of the Global Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene

The global propylene polymer rigid pipes market fell slightly to $X in 2022, waning by -3.7% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -6.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the global market remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

In value terms, propylene polymer rigid pipes production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +5.0% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 23%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -28.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 8.3%. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, propylene polymer rigid pipes exports contracted remarkably to $X in 2022. Over the period under review, exports showed a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

In 2022, Turkey (X tons), Germany (X tons), China (X tons), Russia (X tons), Poland (X tons), Italy (X tons) and Austria (X tons) represented the key exporter of rigid tubes, pipes and hoses of polymers of propylene in the world, committing 62% of total export. Indonesia (X tons), Sweden (X tons), the United States (X tons), the Czech Republic (X tons) and Serbia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +32.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 33% share of global exports. The United States, Italy, Poland, Austria, Russia, Indonesia, Sweden, the Czech Republic and Serbia lagged somewhat behind, together comprising a further 41%.

Russia, with a CAGR of +21.6%, saw 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 propylene polymer rigid pipes export price stood at $X per ton in 2022, picking up by 2.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 15%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Russia ($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 (+4.8%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of propylene decreased by -34.2% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 9.8% against the previous year. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, propylene polymer rigid pipes imports contracted markedly to $X in 2022. In general, imports showed a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Iraq (X tons), followed by Russia (X tons), the United States (X tons) and Denmark (X tons) represented the key importers of rigid tubes, pipes and hoses of polymers of propylene, together achieving 25% of total imports. The following importers - Germany (X tons), the United Arab Emirates (X tons), Libya (X tons), France (X tons), the Netherlands (X tons), Belgium (X tons), Spain (X tons), Italy (X tons) and the Czech Republic (X tons) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +13.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest propylene polymer rigid pipes importing markets worldwide were the United States ($X), Iraq ($X) and Germany ($X), with a combined 19% share of global imports.

In terms of the main importing countries, the United States, with a CAGR of +10.8%, 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

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, with an increase of 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 when the average import price increased by 13%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Iraq ($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 Czech Republic (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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