GCC: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in GCC

In 2023, the GCC market for flexible tubes, pipes and hoses of plastics, without fittings increased by X% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the near future.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in GCC

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings reached $X in 2023 estimated in export price. In general, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports in GCC

In 2023, overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings soared to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Saudi Arabia represented the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports. Oman (X tons) held a little share of total exports.

Saudi Arabia was also the fastest-growing in terms of the flexible tubes, pipes and hoses of plastics, without fittings exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) and Oman (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Oman saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw 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 mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

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 the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports in GCC

In 2023, supplies from abroad of flexible tubes, pipes and hoses of plastics, without fittings increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports, however, saw a abrupt setback. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings skyrocketed to $X in 2023. Overall, imports, however, saw a mild descent. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2023. Oman (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%), Kuwait (X%) and Bahrain (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, without fittings in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, imports of flexible tubes, pipes and hoses of plastics, without fittings remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated a resilient expansion from 2012 to 2023: its price 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, import price for flexible tubes, pipes and hoses of plastics, without fittings increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform