ASEAN: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in ASEAN

For the eleventh consecutive year, the ASEAN market for flexible tubes, pipes and hoses of plastics, with fittings recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, enjoyed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in ASEAN

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings stood at $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports in ASEAN

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings exported in ASEAN skyrocketed to X tons, picking up by X% against the year before. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) and Thailand (X tons) were the largest exporters of flexible tubes, pipes and hoses of plastics, with fittings in 2022, accounting for approx. X% and X% of total exports, respectively. Malaysia (X tons) ranks next in terms of the total exports with a X% share, followed by Indonesia (X%). Vietnam (X tons) followed a long way behind the leaders.

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

In value terms, Singapore ($X) remains the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted significant growth. 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports in ASEAN

Imports of flexible tubes, pipes and hoses of plastics, with fittings contracted notably to X tons in 2022, dropping by X% compared with 2021. In general, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings declined modestly to $X in 2022. Overall, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Singapore (X tons), Indonesia (X tons), Malaysia (X tons) and Thailand (X tons) represented the key importers of flexible tubes, pipes and hoses of plastics, with fittings, together mixing up X% of total imports. The Philippines (X tons) took a minor share of total imports.

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

In value terms, Singapore ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

In Singapore, imports of flexible tubes, pipes and hoses of plastics, with fittings increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform