GCC: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in GCC

The GCC market for plastic hoses and hose fittings expanded notably to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw strong growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in GCC

In value terms, plastic hose and hose fitting production expanded to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports in GCC

After three years of decline, shipments abroad of plastic hoses and hose fittings increased by X% to X tons in 2022. In general, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports soared to $X in 2022. Total exports indicated moderate growth 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, exports increased by X% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the major exporter of plastic hoses and hose fittings in GCC, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total exports. Oman (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) emerged as the largest plastic hose and hose fitting supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a strong expansion 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 hose and hose fitting export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual 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 Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 Plastic Hoses and Hose Fittings

Imports in GCC

In 2022, the amount of plastic hoses and hose fittings imported in GCC expanded sharply to X tons, surging by X% on 2021 figures. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports stood at $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented the major importers of plastic hoses and hose fittings in 2022, resulting at near X% and X% of total imports, respectively. Kuwait (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%) and Qatar (X%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest plastic hose and hose fitting importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together comprising X% of total imports.

In terms of the main importing countries, Oman, with a CAGR of X%, 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

In 2022, the import price in GCC amounted to $X per ton, declining by 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 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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