Overview of the Global Market for Plastic Fittings for Tubes, Pipes and Hoses

Market Size for Plastic Fittings for Tubes, Pipes and Hoses

The global market for plastic fittings for tubes, pipes and hoses shrank to $X in 2023, declining by X% against the previous year. Over the period under review, the total consumption indicated a perceptible 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 2021 indices. Global consumption peaked at $X in 2022, and then fell in the following year.

Production of Plastic Fittings for Tubes, Pipes and Hoses

In value terms, production of plastic fittings for tubes, pipes and hoses dropped slightly to $X in 2023 estimated in export price. Overall, the total production indicated a measured expansion 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 increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Global production peaked at $X in 2022, and then dropped slightly in the following year.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports

In 2023, global exports of plastic fittings for tubes, pipes and hoses contracted to X tons, waning by X% compared with 2022. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports of remained at a lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses reduced modestly to $X in 2023. In general, total exports indicated a tangible 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports of attained the maximum at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, China (X tons), distantly followed by Germany (X tons), the United States (X tons), Turkey (X tons) and Italy (X tons) represented the largest exporters of plastic fittings for tubes, pipes and hoses, together achieving X% of total exports. The following exporters - Poland (X tons), the Netherlands (X tons), Switzerland (X tons), Canada (X tons), Austria (X tons), Spain (X tons), the UK (X tons) and Malaysia (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), Canada (X%), Spain (X%), Poland (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Italy, Austria, the United States and Germany experienced a relatively flat trend pattern. By contrast, Switzerland (X%), the Netherlands (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of global exports. Italy, Switzerland, Austria, Poland, Turkey, the UK, the Netherlands, Canada, Spain and Malaysia lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports

In 2023, supplies from abroad of plastic fittings for tubes, pipes and hoses decreased by X% to X tons, falling for the second consecutive year after six years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses fell to $X in 2023. Over the period under review, total imports indicated pronounced growth 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. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Germany (X tons), Mexico (X tons), the United States (X tons), Sweden (X tons), France (X tons), Belgium (X tons), Singapore (X tons), Canada (X tons), Iraq (X tons), the Netherlands (X tons), Russia (X tons) and Australia (X tons) represented roughly X% of total imports in 2023. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses importing markets worldwide were Germany ($X), Mexico ($X) and the United States ($X), with a combined X% share of global imports. France, the Netherlands, Canada, Belgium, Sweden, Russia, Australia, South Korea, Singapore and Iraq lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, 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.

Import Prices by Country

In 2023, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Global import price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Iraq ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform