U.S.: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2023

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in the U.S.

The U.S. market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa rose remarkably to $X in 2021, picking up by 5.7% against the previous year. Overall, consumption saw a remarkable increase. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in the U.S.

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa expanded modestly to $X in 2021. In general, production recorded strong growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 33%. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from the U.S.

For the fourth consecutive year, the United States recorded decline in shipments abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa, which decreased by -3.7% to X tons in 2021. Over the period under review, exports saw a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of 28% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from the United States, with a 40% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.5% per year) and Vietnam (+30.0% per year).

In value terms, Canada ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from the United States, comprising 21% of total exports. The second position in the ranking was taken by Mexico ($X), with an 8.9% share of total exports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.3% per year) and China (+8.8% per year).

Export Prices by Country

In 2021, the average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, increasing by 8.8% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 33%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into the U.S.

In 2021, purchases abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa increased by 36% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 68%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa surged to $X in 2021. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 68% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Canada (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to the United States, together accounting for 52% of total imports. Mexico, Germany, the UK, France, South Korea, Taiwan (Chinese), Australia, Israel, Italy and Brazil lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +31.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), India ($X) and Mexico ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to the United States, together comprising 45% of total imports.

Among the main suppliers, Mexico, with a CAGR of +27.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, picking up by 7.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :