Latin America and the Caribbean: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Latin America and the Caribbean

In 2022, after three years of growth, there was decline in the Latin American plastic pipe and hose market, when its value decreased by X% to $X. The market value 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 recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Latin America and the Caribbean

In value terms, plastic pipe and hose production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports in Latin America and the Caribbean

In 2022, shipments abroad of plastics tubes, pipes and hoses, and fitting increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a remarkable increase from 2012 to 2022: its volume 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, plastic pipe and hose exports skyrocketed to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Mexico dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Guatemala (X tons), Costa Rica (X tons), Argentina (X tons), Brazil (X tons) and Colombia (X tons), together mixing up a X% share of total exports. Chile (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the plastics tubes, pipes and hoses, and fitting exports, with a CAGR of X% from 2012 to 2022. At the same time, Guatemala (X%) and Costa Rica (X%) displayed positive paces of growth. Colombia, Argentina and Chile experienced a relatively flat trend pattern. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Guatemala (X p.p.), Colombia (X p.p.), Costa Rica (X p.p.), Chile (X p.p.), Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports in Latin America and the Caribbean

In 2022, the amount of plastics tubes, pipes and hoses, and fitting imported in Latin America and the Caribbean declined to X tons, which is down by X% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, plastic pipe and hose imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; 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%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico represented the major importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Chile (X tons), Brazil (X tons) and Peru (X tons), together constituting a X% share of total imports. Argentina (X tons), Honduras (X tons), Nicaragua (X tons), El Salvador (X tons), the Dominican Republic (X tons), Costa Rica (X tons), Colombia (X tons), Panama (X tons) and Guatemala (X tons) took a minor share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of plastics tubes, pipes and hoses, and fitting. At the same time, Panama (X%), the Dominican Republic (X%), Chile (X%), El Salvador (X%), Nicaragua (X%), Argentina (X%), Costa Rica (X%), Guatemala (X%), Colombia (X%), Honduras (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. While the share of Chile (X p.p.), Panama (X p.p.) and the Dominican Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 Costa Rica ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform