Rigid Tubes, Pipes and Hoses, of Other Polymers Market

The global market for rigid tubes, pipes, and hoses made of polymers is forecasted to see steady growth from 2022 to 2030, with an anticipated CAGR of +1.2% in consumption volume and +3.0% in market value. Despite a decline in consumption in 2022, the market has shown consistent growth trends over the past decade. China, the United States, and India are the leading consumers, while China, the United States, and Japan are the top producers. Yemen has seen the most significant growth in consumption and production, while Germany and the United States have the highest export prices. Overall, the market is expected to see continued growth in the coming years.

Market Forecast

Driven by increasing demand for rigid tubes, pipes and hoses, of other polymers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 3.1M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market value to $22.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Rigid Tubes, Pipes and Hoses, of Other Polymers

In 2022, after three years of growth, there was decline in consumption of rigid tubes, pipes and hoses, of other polymers, when its volume decreased by -2.5% to 2.8M tons. The total consumption volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, global consumption of hit record highs at 2.9M tons in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

The size of the market for rigid tubes, pipes and hoses, of other polymers worldwide totaled $17.5B in 2022, approximately equating 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 +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to see steady growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (526K tons), the United States (360K tons) and India (199K tons), together accounting for 39% of global consumption. Italy, Japan, Russia, the UK, Pakistan, Indonesia, Brazil, Turkey, Germany and Yemen lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of polymers, amongst the leading consuming countries, was attained by Yemen (with a CAGR of +50.4%), while polymers for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($4.1B), the United States ($3.1B) and China ($2.7B) were the countries with the highest levels of market value in 2022, with a combined 56% share of the global market. Russia, India, Italy, Brazil, the UK, Indonesia, Germany, Pakistan, Turkey and Yemen lagged somewhat behind, together comprising a further 20%.

Among the main consuming countries, Yemen, with a CAGR of +47.6%, saw the highest growth rate of market size over the period under review, while polymers for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of rigid tubes, pipes and hoses, of other polymers per capita consumption in 2022 were Italy (2,325 kg per 1000 persons), Yemen (1,490 kg per 1000 persons) and the UK (1,317 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of polymers, amongst the main consuming countries, was attained by Yemen (with a CAGR of +46.8%), while polymers for the other global leaders experienced more modest paces of growth.

Production

World Production of Rigid Tubes, Pipes and Hoses, of Other Polymers

In 2022, production of rigid tubes, pipes and hoses, of other polymers decreased by -5.2% to 2.8M tons for the first time since 2018, thus ending a three-year rising trend. The total output volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. Global production peaked at 2.9M tons in 2021, and then declined in the following year.

In value terms, production of rigid tubes, pipes and hoses, of other polymers amounted to $17.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 12% against the previous year. Over the period under review, global production of hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production By Country

The countries with the highest volumes of production in 2022 were China (565K tons), the United States (351K tons) and India (198K tons), together comprising 40% of global production. Italy, Turkey, Japan, Germany, Russia, Pakistan, the UK, Indonesia, Brazil and Iran lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +13.0%), while polymers for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

In 2022, approx. 394K tons of rigid tubes, pipes and hoses, of other polymers were imported worldwide; shrinking by -19.7% on 2021 figures. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 491K tons, and then reduced sharply in the following year.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers rose modestly to $2.2B in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports By Country

In 2022, Yemen (46K tons), followed by Iraq (31K tons), the United States (27K tons) and France (22K tons) were the largest importers of rigid tubes, pipes and hoses, of other polymers, together achieving 32% of total imports. Romania (17K tons), Mexico (11K tons), Canada (11K tons), Vietnam (8.2K tons), Italy (7.9K tons), Poland (7K tons), the UK (6.9K tons), Germany (6.6K tons) and Bulgaria (6.4K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen (with a CAGR of +50.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($198M), France ($139M) and Italy ($107M) were the countries with the highest levels of imports in 2022, together comprising 20% of global imports. Germany, Canada, Iraq, the UK, Romania, Poland, Mexico, Yemen, Vietnam and Bulgaria lagged somewhat behind, together accounting for a further 26%.

Among the main importing countries, Yemen, with a CAGR of +41.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for rigid tubes, pipes and hoses, of other polymers stood at $5,680 per ton in 2022, picking up by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. Over the period under review, average import prices reached the maximum at $5,773 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Germany ($14,592 per ton), while Yemen ($837 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

In 2022, global exports of rigid tubes, pipes and hoses, of other polymers declined significantly to 353K tons, with a decrease of -33% on 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. As a result, the exports attained the peak of 528K tons, and then fell markedly in the following year.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers totaled $2.5B in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the global exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Exports By Country

The biggest shipments were from Turkey (53K tons), China (45K tons) and Germany (43K tons), together finishing at 40% of total export. Spain (25K tons) took a 7.2% share (based on physical terms) of total exports, which put it in second place, followed by Poland (5.7%), the United States (4.9%) and Romania (4.6%). The following exporters - Italy (11K tons), the United Arab Emirates (11K tons), South Africa (8.9K tons), Oman (8.1K tons), Iran (7.5K tons) and Vietnam (6.1K tons) - together made up 15% of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +13.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest rigid tubes, pipes and hoses, of other polymers supplying countries worldwide were Germany ($285M), China ($248M) and Poland ($236M), together accounting for 31% of global exports. The United States, Italy, Turkey, Romania, Spain, Vietnam, the United Arab Emirates, South Africa, Iran and Oman lagged somewhat behind, together comprising a further 28%.

Among the main exporting countries, Vietnam, with a CAGR of +17.2%, 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.

Export Prices By Country

The average export price for rigid tubes, pipes and hoses, of other polymers stood at $7,077 per ton in 2022, growing by 50% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($12,563 per ton), while Oman ($705 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 (+8.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform