Saudi Arabia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Saudi Arabia

The Saudi market for plastic hoses and hose fittings skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in Saudi Arabia

In value terms, plastic hose and hose fitting production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Saudi Arabia

In 2022, after four years of growth, there was significant decline in shipments abroad of plastic hoses and hose fittings, when their volume decreased by X% to X tons. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports reduced sharply to $X in 2022. In general, exports continue to indicate a abrupt decline. 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 hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Yemen (X tons) was the main destination for plastic hose and hose fitting exports from Saudi Arabia, with a X% share of total exports. Moreover, plastic hose and hose fitting exports to Yemen exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

In value terms, Yemen ($X) remains the key foreign market for plastic hoses and hose fittings exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2022, stabilizing at the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price 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, plastic hose and hose fitting export price increased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Saudi Arabia

Plastic hose and hose fitting imports into Saudi Arabia soared to X tons in 2022, increasing by X% against the year before. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bahrain (X tons), China (X tons) and the United States (X tons) were the main suppliers of plastic hose and hose fitting imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Saudi Arabia were the United States ($X), China ($X) and Bahrain ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average import price for plastic hoses and hose fittings amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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