Plastic Hose and Hose Fitting Market

The global plastic hose and hose fitting market is forecasted to see a steady growth trend, with an anticipated CAGR of +2.8% in consumption and +5.2% in market value from 2022 to 2030. China remains the largest consumer and producer, while the United States, Germany, and Mexico are key importers and exporters. The market is driven by demand for various types of plastic hoses and fittings, with flexible tubes and pipes making up the majority of imports and exports. Average import and export prices have seen consistent growth over the past decade, with fluctuations in certain years.

Market Forecast

Driven by increasing demand for plastic hoses and hose fittings worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 12M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $83.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Plastic Hoses and Hose Fittings

In 2022, global plastic hose and hose fitting consumption expanded modestly to 9.4M tons, growing by 2.4% compared with the year before. The total consumption volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in the near future.

The revenue of the market for plastic hoses and hose fittings worldwide reached $55.7B in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Consumption By Country

China (1.9M tons) remains the largest plastic hose and hose fitting consuming country worldwide, comprising approx. 20% of total volume. Moreover, plastic hose and hose fitting consumption in China exceeded the figures recorded by the second-largest consumer, India (695K tons), threefold. The third position in this ranking was taken by the United States (565K tons), with a 6% share.

In China, plastic hose and hose fitting consumption increased at an average annual rate of +2.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+4.5% per year) and the United States (+4.1% per year).

In value terms, Japan ($13.7B), China ($7.6B) and the United States ($3.9B) appeared to be the countries with the highest levels of market value in 2022, together comprising 45% of the global market. India, Brazil, Germany, Turkey, the UK, Mexico, Italy, Nigeria, Pakistan and Russia lagged somewhat behind, together comprising a further 28%.

Among the main consuming countries, Pakistan, with a CAGR of +10.2%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of plastic hose and hose fitting per capita consumption in 2022 were Italy (7.6 kg per person), Germany (5.7 kg per person) and Japan (3.6 kg per person).

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +9.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Plastic Hoses and Hose Fittings

Global plastic hose and hose fitting production expanded modestly to 9.4M tons in 2022, with an increase of 2.2% compared with the previous year's figure. The total output volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, global production reached the maximum volume in 2022 and is likely to see gradual growth in the immediate term.

In value terms, plastic hose and hose fitting production reached $54.1B in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +3.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22% against the previous year. Global production peaked at $56.2B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of plastic hose and hose fitting production was China (2.3M tons), comprising approx. 24% of total volume. Moreover, plastic hose and hose fitting production in China exceeded the figures recorded by the second-largest producer, India (696K tons), threefold. Italy (586K tons) ranked third in terms of total production with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +3.6%. The remaining producing countries recorded the following average annual rates of production growth: India (+4.4% per year) and Italy (+8.7% per year).

Imports

World Imports of Plastic Hoses and Hose Fittings

In 2022, purchases abroad of plastic hoses and hose fittings increased by 0.3% to 2M tons, rising for the sixth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% 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 when imports increased by 16% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic hose and hose fitting imports rose remarkably to $14.5B in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +32.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports By Country

In 2022, the United States (265K tons), followed by Germany (127K tons) and Mexico (96K tons) were the largest importers of plastic hoses and hose fittings, together generating 24% of total imports. The following importers - Belgium (81K tons), France (78K tons), Russia (75K tons), the Netherlands (71K tons), Iraq (58K tons), Canada (52K tons), Austria (48K tons), Poland (44K tons), the UK (40K tons) and Italy (39K tons) - together made up 29% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic hose and hose fitting imports into the United States stood at +6.6%. At the same time, Belgium (+11.3%), the UK (+7.0%), Austria (+6.0%), the Netherlands (+4.9%), Germany (+4.6%), France (+2.7%), Poland (+2.5%), Canada (+1.9%) and Italy (+1.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +11.3% from 2012-2022. Mexico and Iraq experienced a relatively flat trend pattern. By contrast, Russia (-3.0%) illustrated a downward trend over the same period. The United States (+3.7 p.p.) and Belgium (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while Russia saw its share reduced by -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($1.9B), Germany ($1.1B) and Mexico ($980M) appeared to be the countries with the highest levels of imports in 2022, together comprising 27% of global imports. France, the Netherlands, the UK, Canada, Poland, Belgium, Italy, Austria, Russia and Iraq lagged somewhat behind, together comprising a further 25%.

The Netherlands, with a CAGR of +13.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Other plastic tubes, pipes and hoses (840K tons) and flexible tubes, pipes and hoses of plastics, without fittings (767K tons) represented roughly 81% of total imports in 2022. It was distantly followed by flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa (200K tons) and flexible tubes, pipes and hoses of plastics, with fittings (167K tons), together committing a 19% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key imported products, was attained by other plastic tubes, pipes and hoses (with a CAGR of +4.9%), while imports for the other products experienced more modest paces of growth.

In value terms, flexible tubes, pipes and hoses of plastics, without fittings ($5.8B), other plastic tubes, pipes and hoses ($5.4B) and flexible tubes, pipes and hoses of plastics, with fittings ($1.9B) constituted the products with the highest levels of imports in 2022, with a combined 91% share of global imports.

Flexible tubes, pipes and hoses of plastics, with fittings, with a CAGR of +10.1%, saw the highest growth rate of the value of imports, among the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

The average import price for plastic hoses and hose fittings stood at $7,223 per ton in 2022, rising by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 when the average import price increased by 9.4% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was flexible tubes, pipes and hoses of plastics, with fittings ($11,212 per ton), while the price for other plastic tubes, pipes and hoses ($6,390 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by flexible tubes, pipes and hoses of plastics, with fittings (+5.3%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for plastic hoses and hose fittings amounted to $7,223 per ton, picking up by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 an increase of 9.4%. Global import price peaked in 2022 and is likely to continue growth in years to come.

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 Mexico ($10,171 per ton), while Iraq ($1,707 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 (+7.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Plastic Hoses and Hose Fittings

In 2022, shipments abroad of plastic hoses and hose fittings decreased by -0.9% to 2M tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +3.4% 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 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 2M tons, leveling off in the following year.

In value terms, plastic hose and hose fitting exports rose remarkably to $14.8B in 2022. Over the period under review, total exports indicated resilient growth 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, exports increased by +65.5% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, China (444K tons), distantly followed by Germany (220K tons), Italy (177K tons) and the United States (135K tons) were the major exporters of plastic hoses and hose fittings, together mixing up 49% of total exports. Mexico (74K tons), France (62K tons), Spain (58K tons), Canada (58K tons), Turkey (56K tons), the Netherlands (51K tons), Poland (47K tons), South Korea (46K tons) and the Czech Republic (35K tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic hose and hose fitting exports from China stood at +7.3%. At the same time, Poland (+10.1%), Spain (+8.7%), Mexico (+5.9%), France (+4.9%), Italy (+4.8%), Canada (+4.1%), the Czech Republic (+3.7%), Germany (+3.2%), South Korea (+2.6%) and the Netherlands (+1.8%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.1% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Turkey (-3.1%) illustrated a downward trend over the same period. While the share of China (+6.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Turkey (-2.6 p.p.) and the United States (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($2.2B), China ($2.2B) and the United States ($2B) appeared to be the countries with the highest levels of exports in 2022, with a combined 43% share of global exports. Italy, France, the Netherlands, Mexico, Poland, the Czech Republic, Spain, Canada, South Korea and Turkey lagged somewhat behind, together comprising a further 29%.

In terms of the main exporting countries, Poland, with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

In 2022, other plastic tubes, pipes and hoses (912K tons) and flexible tubes, pipes and hoses of plastics, without fittings (705K tons) were the key types of plastic hoses and hose fittingsin the world, together amounting to near 81% of total exports. Flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa (207K tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by flexible tubes, pipes and hoses of plastics, with fittings (8.1%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exported products, was attained by other plastic tubes, pipes and hoses (with a CAGR of +4.9%), while the other products experienced more modest paces of growth.

In value terms, flexible tubes, pipes and hoses of plastics, without fittings ($5.8B), other plastic tubes, pipes and hoses ($5.6B) and flexible tubes, pipes and hoses of plastics, with fittings ($1.8B) were the products with the highest levels of exports in 2022, with a combined 90% share of global exports.

Among the main exported products, flexible tubes, pipes and hoses of plastics, with fittings, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

The average export price for plastic hoses and hose fittings stood at $7,393 per ton in 2022, increasing by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was flexible tubes, pipes and hoses of plastics, with fittings ($11,100 per ton), while the average price for exports of other plastic tubes, pipes and hoses ($6,191 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by flexible tubes, pipes and hoses of plastics, with fittings (+5.9%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for plastic hoses and hose fittings amounted to $7,393 per ton, with an increase of 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue 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 ($14,490 per ton), while Turkey ($3,233 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 (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform