ASEAN: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in ASEAN

The ASEAN market for plastic fittings for tubes, pipes and hoses expanded notably to $X in 2023, growing by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Production of Plastic Fittings for Tubes, Pipes and Hoses in ASEAN

In value terms, production of plastic fittings for tubes, pipes and hoses rose to $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in ASEAN

After five years of growth, overseas shipments of plastic fittings for tubes, pipes and hoses decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports of attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, exports of plastic fittings for tubes, pipes and hoses contracted significantly to $X in 2023. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2023, Malaysia (X tons), distantly followed by the Philippines (X tons), Thailand (X tons), Indonesia (X tons), Singapore (X tons) and Vietnam (X tons) were the key exporters of plastic fittings for tubes, pipes and hoses, together mixing up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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 export price in ASEAN stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($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 other leaders experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in ASEAN

Imports of plastic fittings for tubes, pipes and hoses soared to X tons in 2023, with an increase of X% on 2022. 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports of hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2023. Total imports indicated buoyant growth 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Singapore (X tons) was the main importer of plastic fittings for tubes, pipes and hoses, constituting X% of total imports. The Philippines (X tons) took the second position in the ranking, followed by Malaysia (X tons), Indonesia (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together took approx. X% share of total imports. Cambodia (X tons) took a relatively small share of total imports.

Singapore was also the fastest-growing in terms of the plastic fittings for tubes, pipes and hoses imports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%), the Philippines (X%), Vietnam (X%), Thailand (X%), Cambodia (X%) and Indonesia (X%) displayed positive paces of growth. Singapore (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Cambodia, Vietnam, Thailand and Indonesia saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform