Latin America and the Caribbean: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Latin America and the Caribbean

The Latin American market for plastic fittings for tubes, pipes and hoses rose modestly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Latin America and the Caribbean

In value terms, production of plastic fittings for tubes, pipes and hoses totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Latin America and the Caribbean

In 2023, the amount of plastic fittings for tubes, pipes and hoses exported in Latin America and the Caribbean contracted slightly to X tons, almost unchanged from the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses contracted modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2022, and then reduced slightly in the following year.

Exports by Country

In 2023, Mexico (X tons) represented the largest exporter of plastic fittings for tubes, pipes and hoses, mixing up X% of total exports. Costa Rica (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%), Colombia (X%), Argentina (X%) and Guatemala (X%). Trinidad and Tobago (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X) remains the largest plastic fittings for tubes, pipes and hoses supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with an X% share of total exports. It was followed by Brazil, with an X% share.

In Mexico, exports of plastic fittings for tubes, pipes and hoses expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Costa Rica (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Latin America and the Caribbean

In 2023, imports of plastic fittings for tubes, pipes and hoses in Latin America and the Caribbean expanded significantly to X tons, picking up by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of plastic fittings for tubes, pipes and hoses totaled $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Mexico (X tons) represented the main importer of plastic fittings for tubes, pipes and hoses, creating X% of total imports. Chile (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%) and Peru (X%). Guatemala (X tons), Argentina (X tons), Honduras (X tons), Panama (X tons), Paraguay (X tons), the Dominican Republic (X tons), El Salvador (X tons), Ecuador (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to plastic fittings for tubes, pipes and hoses imports into Mexico stood at X%. At the same time, the Dominican Republic (X%), Panama (X%), El Salvador (X%), Honduras (X%), Paraguay (X%), Chile (X%), Guatemala (X%), Peru (X%), Argentina (X%) and Brazil (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Uruguay and Ecuador experienced a relatively flat trend pattern. The Dominican Republic (X p.p.) and Panama (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported plastic fittings for tubes, pipes and hoses in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

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

Source: IndexBox Platform