Asia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

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

The Asian propylene polymer rigid pipes market dropped modestly to $X in 2022, standing approx. at the previous year. In general, consumption, however, posted a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, propylene polymer rigid pipes production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in Asia

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were exported in Asia; picking up by X% on the year before. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, propylene polymer rigid pipes exports rose significantly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X tons), distantly followed by China (X tons) and South Korea (X tons) were the main exporters of rigid tubes, pipes and hoses of polymers of propylene, together mixing up X% of total exports. The United Arab Emirates (X tons), Indonesia (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest propylene polymer rigid pipes supplying countries in Asia were Turkey ($X), China ($X) and Indonesia ($X), together accounting for X% of total exports. South Korea, the United Arab Emirates and Malaysia lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Indonesia ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

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

Imports in Asia

In 2022, propylene polymer rigid pipes imports in Asia dropped to X tons, reducing by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, propylene polymer rigid pipes imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Iraq (X tons) was the major importer of rigid tubes, pipes and hoses of polymers of propylene, mixing up X% of total imports. China (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%). Kazakhstan (X tons), the United Arab Emirates (X tons), Singapore (X tons), Georgia (X tons), Uzbekistan (X tons), the Philippines (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Kuwait (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to propylene polymer rigid pipes imports into Iraq stood at X%. At the same time, Uzbekistan (X%), Singapore (X%), the Philippines (X%), South Korea (X%), Kuwait (X%), China (X%), Kazakhstan (X%), Georgia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Uzbekistan (X p.p.), Singapore (X p.p.), Kuwait (X p.p.), China (X p.p.), the Philippines (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Japan and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Korea, Singapore, the United Arab Emirates, Kazakhstan, Kuwait, Taiwan (Chinese), Georgia, Uzbekistan, Saudi Arabia and the Philippines lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform