GCC: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

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

In 2023, the GCC market for flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. The total consumption indicated a buoyant expansion 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 increased by X% against 2017 indices. The level of consumption peaked at $X in 2022, and then reduced modestly in the following year.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in GCC

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa expanded to $X in 2023 estimated in export price. The total production indicated a tangible increase 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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

Exports in GCC

In 2023, shipments abroad of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports faced a significant curtailment. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa rose remarkably to $X in 2023. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented the largest exporters of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa in 2023, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Oman (X tons), creating a X% share of total exports. Bahrain (X tons) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together comprising X% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, surging by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2023: its price 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, export price for flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Oman ($X per ton) and the United Arab Emirates ($X per ton), while Bahrain ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

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

Imports in GCC

In 2023, overseas purchases of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa contracted slightly to $X in 2023. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the main importer of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa, creating X% of total imports. Kuwait (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%), Oman (X%), Saudi Arabia (X%) and Bahrain (X%).

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. Oman (X%), Kuwait (X%), Bahrain (X%), Qatar (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Kuwait (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Qatar saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure X MPa increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform