Vietnam: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Vietnam

The Vietnamese plastic pipe and hose market reached $X in 2022, flattening at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Plastic pipe and hose consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Vietnam

In value terms, plastic pipe and hose production expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Vietnam

For the fourth consecutive year, Vietnam recorded growth in overseas shipments of plastics tubes, pipes and hoses, and fitting, which increased by X% to X tons in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastic pipe and hose exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of plastic pipe and hose exports from Vietnam, with a combined X% share of total exports. Cambodia, Thailand, China, Belgium, Lao People's Democratic Republic, Mexico, France, Spain, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for plastic pipe and hose exported from Vietnam were Japan ($X), the United States ($X) and South Korea ($X), together comprising X% of total exports. China, Belgium, Thailand, Cambodia, France, Mexico, Spain, Lao People's Democratic Republic, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic pipe and hose export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, export price indicated a notable 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 pipe and hose export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Vietnam

After three years of growth, overseas purchases of plastics tubes, pipes and hoses, and fitting decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, plastic pipe and hose imports reduced to $X in 2022. Over the period under review, total imports indicated a strong 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, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic pipe and hose supplier to Vietnam, with a X% share of total imports. Moreover, plastic pipe and hose imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, the largest plastic pipe and hose suppliers to Vietnam were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 plastic pipe and hose import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform