Vietnam: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Vietnam

The Vietnamese plastic pipe and hose market rose significantly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, showed a mild curtailment. Plastic pipe and hose consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Vietnam

In value terms, plastic pipe and hose production rose remarkably to $X in 2023 estimated in export price. In general, production, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Vietnam

In 2023, approx. X tons of plastics tubes, pipes and hoses, and fitting were exported from Vietnam; leveling off at 2022. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, plastic pipe and hose exports shrank to $X in 2023. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for plastic pipe and hose exports from Vietnam, accounting for a X% share of total exports. Moreover, plastic pipe and hose exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. The third position in this ranking was held by Cambodia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Cambodia (X% per year).

In value terms, the largest markets for plastic pipe and hose exported from Vietnam were the United States ($X), Japan ($X) and China ($X), with a combined X% share of total exports. South Korea, Cambodia, Mexico, Thailand, Germany, Lao People's Democratic Republic, Australia, Canada, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Mexico, with a CAGR of X%, 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 plastic pipe and hose export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Vietnam

Plastic pipe and hose imports into Vietnam reached X tons in 2023, standing approx. at 2022 figures. Over the period under review, total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, plastic pipe and hose imports reached $X in 2023. In general, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of plastic pipe and hose to Vietnam, accounting for a X% share of total imports. Moreover, plastic pipe and hose imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of plastics tubes, pipes and hoses, and fitting to Vietnam, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

The average plastic pipe and hose import price stood at $X per ton in 2023, approximately reflecting the previous year. Over the period under review, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform