Southern Asia: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Southern Asia

The South Asian market for other plastic tubes, pipes and hoses contracted slightly to $X in 2023, approximately reflecting the previous year. The total consumption indicated resilient growth 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 decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Southern Asia

In value terms, production of other plastic tubes, pipes and hoses contracted modestly to $X in 2023 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports in Southern Asia

In 2023, approx. X tons of other plastic tubes, pipes and hoses were exported in Southern Asia; increasing by X% against the previous year. Total exports indicated buoyant growth from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of other plastic tubes, pipes and hoses expanded modestly to $X in 2023. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

India dominates hoses structure, reaching X tons, which was approx. X% of total exports in 2023. Sri Lanka (X tons) took a minor share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Sri Lanka increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest other plastic tubes, pipes and hoses supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, remaining stable against the previous year. Overall, the export price posted a tangible expansion. The pace of growth was the most pronounced in 2019 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see steady growth in the immediate term.

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 Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Imports of Other Plastic Tubes, Pipes and Hoses

Imports in Southern Asia

In 2023, the amount of other plastic tubes, pipes and hoses imported in Southern Asia reached X tons, flattening at the previous year. Total imports indicated a temperate increase from 2012 to 2023: its volume 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, imports 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, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of other plastic tubes, pipes and hoses dropped modestly to $X in 2023. Total imports indicated prominent growth from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2022, and then declined modestly in the following year.

Imports by Country

India represented the major importer of other plastic tubes, pipes and hoses in Southern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Bangladesh (X tons) held the second position in the ranking, followed by Pakistan (X tons). All these countries together held approx. X% share of total imports. The following importers - Sri Lanka (X tons), Nepal (X tons) and Maldives (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Nepal (X%), Bangladesh (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, Bangladesh and Nepal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported other plastic tubes, pipes and hoses in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform