Plastic Pipe And Hose Market

The global plastic pipe and hose market is forecasted to experience growth over the next eight years driven by increasing demand worldwide. In 2022, global consumption reached 41M tons with China leading as the largest consumer. Market value is expected to increase to $270B by 2030. China, the United States, and Japan are the top markets in terms of value. Production, exports, and imports of plastic pipes and hoses are also expected to see continuous growth. The article provides detailed insights into market trends, consumption patterns, and key players in the industry.

Market Forecast

Driven by increasing demand for plastics tubes, pipes and hoses, and fitting worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 47M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $270B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Plastics Tubes, Pipes And Hoses, And Fitting

In 2022, global plastic pipe and hose consumption amounted to 41M tons, approximately mirroring 2021 figures. The total consumption volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 6.2% against the previous year. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global plastic pipe and hose market revenue stood at $203.2B in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 8.4%. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The country with the largest volume of plastic pipe and hose consumption was China (8.7M tons), accounting for 21% of total volume. Moreover, plastic pipe and hose consumption in China exceeded the figures recorded by the second-largest consumer, the United States (4.3M tons), twofold. India (3.3M tons) ranked third in terms of total consumption with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +2.7%. In the other countries, the average annual rates were as follows: the United States (+0.5% per year) and India (+4.3% per year).

In value terms, the largest plastic pipe and hose markets worldwide were the United States ($31.5B), China ($28.9B) and Japan ($27.9B), with a combined 43% share of the global market. Turkey, India, Russia, Brazil, Mexico, Germany, the UK, Italy, Pakistan and Iran lagged somewhat behind, together comprising a further 30%.

In terms of the main consuming countries, Turkey, with a CAGR of +6.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of plastic pipe and hose per capita consumption in 2022 were Italy (17 kg per person), Russia (13 kg per person) and the United States (13 kg per person).

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +4.9%), while consumption for the other global leaders experienced more modest paces of growth.

Consumption By Type

The products with the highest volumes of consumption in 2022 were rigid tubes, pipes and hoses of polymers of ethylene (11M tons), rigid tubes, pipes and hoses of polymers of vinyl chloride (9.7M tons) and flexible tubes, pipes and hoses of plastics, without fittings (4.8M tons), with a combined 61% share of global consumption. Plastic fittings for tubes, pipes and hoses, other plastic tubes, pipes and hoses, rigid tubes, pipes and hoses of polymers of propylene, rigid tubes, pipes and hoses, of other polymers, flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa and flexible tubes, pipes and hoses of plastics, with fittings lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for other plastic tubes, pipes and hoses (with a CAGR of +5.2%), while consumption for the other products experienced more modest paces of growth.

In value terms, plastic fittings for tubes, pipes and hoses ($35.5B), rigid tubes, pipes and hoses of polymers of ethylene ($33.8B) and flexible tubes, pipes and hoses of plastics, without fittings ($32B) constituted the products with the highest levels of market value in 2022, together comprising 50% of the global market. Rigid tubes, pipes and hoses of polymers of vinyl chloride, flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa, rigid tubes, pipes and hoses, of other polymers, other plastic tubes, pipes and hoses, rigid tubes, pipes and hoses of polymers of propylene and flexible tubes, pipes and hoses of plastics, with fittings lagged somewhat behind, together accounting for a further 50%.

Rigid tubes, pipes and hoses of polymers of propylene, with a CAGR of +5.6%, saw the highest rates of growth with regard to market size in terms of the main consumed products over the period under review, while market for the other products experienced more modest paces of growth.

Production

World Production of Plastics Tubes, Pipes And Hoses, And Fitting

In 2022, approx. 41M tons of plastics tubes, pipes and hoses, and fitting were produced worldwide; therefore, remained relatively stable against the previous year. The total output volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 6.1%. Over the period under review, global production hit record highs in 2022 and is likely to continue growth in the near future.

In value terms, plastic pipe and hose production dropped to $195.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 14%. Over the period under review, global production attained the peak level at $215.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (9.6M tons) remains the largest plastic pipe and hose producing country worldwide, accounting for 23% of total volume. Moreover, plastic pipe and hose production in China exceeded the figures recorded by the second-largest producer, the United States (4M tons), twofold. The third position in this ranking was held by India (3.3M tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +2.9%. The remaining producing countries recorded the following average annual rates of production growth: the United States (-0.4% per year) and India (+4.4% per year).

Production By Type

The products with the highest volumes of production in 2022 were rigid tubes, pipes and hoses of polymers of ethylene (11M tons), rigid tubes, pipes and hoses of polymers of vinyl chloride (9.8M tons) and flexible tubes, pipes and hoses of plastics, without fittings (4.7M tons), together comprising 61% of global production. Plastic fittings for tubes, pipes and hoses, other plastic tubes, pipes and hoses, rigid tubes, pipes and hoses of polymers of propylene, rigid tubes, pipes and hoses, of other polymers, flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa and flexible tubes, pipes and hoses of plastics, with fittings lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading produced products, was attained by other plastic tubes, pipes and hoses (with a CAGR of +5.1%), while production for the other products experienced more modest paces of growth.

In value terms, the largest types of plastics tubes, pipes and hoses, and fitting in terms of market size were plastic fittings for tubes, pipes and hoses ($34.1B), rigid tubes, pipes and hoses of polymers of ethylene ($33.9B) and flexible tubes, pipes and hoses of plastics, without fittings ($30.4B), together comprising 50% of global production. Rigid tubes, pipes and hoses of polymers of vinyl chloride, rigid tubes, pipes and hoses, of other polymers, other plastic tubes, pipes and hoses, flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa, rigid tubes, pipes and hoses of polymers of propylene and flexible tubes, pipes and hoses of plastics, with fittings lagged somewhat behind, together comprising a further 50%.

Among the main produced products, other plastic tubes, pipes and hoses, with a CAGR of +4.6%, saw the highest growth rate of market size over the period under review, while production for the other products experienced more modest paces of growth.

Imports

World Imports of Plastics Tubes, Pipes And Hoses, And Fitting

In 2022, overseas purchases of plastics tubes, pipes and hoses, and fitting increased by 1.5% to 5.4M tons, rising for the sixth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic pipe and hose imports expanded rapidly to $31.5B in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +32.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, the United States (561K tons), followed by Germany (318K tons), France (280K tons) and Belgium (275K tons) were the major importers of plastics tubes, pipes and hoses, and fitting, together generating 27% of total imports. The following importers - Iraq (189K tons), the Netherlands (183K tons), Mexico (160K tons), Canada (149K tons), Sweden (110K tons), the UK (108K tons), Austria (102K tons), Russia (99K tons) and Poland (97K tons) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +13.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic pipe and hose importing markets worldwide were the United States ($3.5B), Germany ($2.5B) and Mexico ($1.6B), with a combined 24% share of global imports. France, the Netherlands, Canada, the UK, Belgium, Poland, Austria, Russia, Sweden and Iraq lagged somewhat behind, together comprising a further 25%.

The Netherlands, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Plastic fittings for tubes, pipes and hoses (954K tons), rigid tubes, pipes and hoses of polymers of ethylene (899K tons), other plastic tubes, pipes and hoses (840K tons), flexible tubes, pipes and hoses of plastics, without fittings (767K tons) and rigid tubes, pipes and hoses of polymers of vinyl chloride (730K tons) represented roughly 79% of total imports in 2022. Rigid tubes, pipes and hoses, of other polymers (394K tons) ranks next in terms of the total imports with a 7.5% share, followed by rigid tubes, pipes and hoses of polymers of propylene (6.2%).

From 2012 to 2022, the biggest increases were recorded for rigid tubes, pipes and hoses of polymers of ethylene (with a CAGR of +5.0%), while purchases for the other products experienced more modest paces of growth.

In value terms, plastic fittings for tubes, pipes and hoses ($8.8B), flexible tubes, pipes and hoses of plastics, without fittings ($5.8B) and other plastic tubes, pipes and hoses ($5.4B) appeared to be the products with the highest levels of imports in 2022, with a combined 63% share of global imports. Rigid tubes, pipes and hoses of polymers of ethylene, rigid tubes, pipes and hoses, of other polymers, rigid tubes, pipes and hoses of polymers of vinyl chloride, flexible tubes, pipes and hoses of plastics, with fittings, flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa and rigid tubes, pipes and hoses of polymers of propylene lagged somewhat behind, together comprising a further 37%.

Flexible tubes, pipes and hoses of plastics, with fittings, with a CAGR of +10.1%, recorded the highest growth rate of the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

The average plastic pipe and hose import price stood at $5,860 per ton in 2022, growing by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 an increase of 9.2% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was flexible tubes, pipes and hoses of plastics, with fittings ($11,212 per ton), while the price for rigid tubes, pipes and hoses of polymers of vinyl chloride ($2,672 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by flexible tubes, pipes and hoses of plastics, with fittings (+5.3%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average plastic pipe and hose import price amounted to $5,860 per ton, increasing by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 9.2% against the previous year. Global import price peaked in 2022 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 Mexico ($10,227 per ton), while Iraq ($2,031 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Plastics Tubes, Pipes And Hoses, And Fitting

In 2022, global exports of plastics tubes, pipes and hoses, and fitting reduced slightly to 5.2M tons, stabilizing at 2021. The total export volume increased at an average annual rate of +2.8% 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 exports increased by 14%. As a result, the exports attained the peak of 5.3M tons, and then reduced slightly in the following year.

In value terms, plastic pipe and hose exports expanded to $32B in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +30.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports By Country

In 2022, China (904K tons), distantly followed by Germany (525K tons), Italy (427K tons), the United States (290K tons) and Turkey (290K tons) were the key exporters of plastics tubes, pipes and hoses, and fitting, together mixing up 47% of total exports. The following exporters - Poland (196K tons), Mexico (172K tons), Spain (166K tons), the Netherlands (157K tons), Canada (130K tons), France (96K tons), India (86K tons) and South Korea (78K tons) - together made up 21% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +12.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic pipe and hose supplying countries worldwide were Germany ($4.7B), China ($4.1B) and the United States ($3.6B), with a combined 39% share of global exports. Italy, Poland, the Netherlands, France, Turkey, Mexico, Canada, Spain, South Korea and India lagged somewhat behind, together comprising a further 28%.

Among the main exporting countries, Mexico, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Rigid tubes, pipes and hoses of polymers of ethylene (957K tons), other plastic tubes, pipes and hoses (912K tons), rigid tubes, pipes and hoses of polymers of vinyl chloride (834K tons), plastic fittings for tubes, pipes and hoses (794K tons) and flexible tubes, pipes and hoses of plastics, without fittings (705K tons) represented roughly 79% of total exports in 2022. Rigid tubes, pipes and hoses of polymers of propylene (368K tons) ranks next in terms of the total exports with a 7% share, followed by rigid tubes, pipes and hoses, of other polymers (6.7%).

From 2012 to 2022, the biggest increases were recorded for other plastic tubes, pipes and hoses (with a CAGR of +4.9%), while shipments for the other products experienced more modest paces of growth.

In value terms, the largest types of exported plastics tubes, pipes and hoses, and fitting were plastic fittings for tubes, pipes and hoses ($8.3B), flexible tubes, pipes and hoses of plastics, without fittings ($5.8B) and other plastic tubes, pipes and hoses ($5.6B), with a combined 61% share of global exports. Rigid tubes, pipes and hoses of polymers of ethylene, rigid tubes, pipes and hoses, of other polymers, rigid tubes, pipes and hoses of polymers of vinyl chloride, flexible tubes, pipes and hoses of plastics, with fittings, flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa and rigid tubes, pipes and hoses of polymers of propylene lagged somewhat behind, together accounting for a further 39%.

Among the main exported products, flexible tubes, pipes and hoses of plastics, with fittings, with a CAGR of +8.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

The average plastic pipe and hose export price stood at $6,135 per ton in 2022, growing by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 9.1%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by the product type; the product with the highest price was flexible tubes, pipes and hoses of plastics, with fittings ($11,100 per ton), while the average price for exports of rigid tubes, pipes and hoses of polymers of vinyl chloride ($2,647 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by flexible tubes, pipes and hoses of plastics, with fittings (+5.9%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average plastic pipe and hose export price amounted to $6,135 per ton, increasing by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 when the average export price increased by 9.1% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the near future.

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 the United States ($12,325 per ton), while Turkey ($2,760 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 (+7.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform