Asia-Pacific: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Asia-Pacific

The Asia-Pacific market for rigid tubes, pipes and hoses of polymers of vinyl chloride was estimated at $X in 2023, remaining stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Asia-Pacific

In value terms, vinyl chloride polymer rigid pipes production rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in Asia-Pacific

In 2023, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were exported in Asia-Pacific; rising by X% on the previous year's figure. Total exports indicated a buoyant expansion from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vinyl chloride polymer rigid pipes exports totaled $X in 2023. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

China was the largest exporting country with an export of around X tons, which resulted at X% of total exports. India (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%) and Malaysia (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to vinyl chloride polymer rigid pipes exports from China stood at X%. At the same time, the Philippines (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vinyl chloride polymer rigid pipes supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the Philippines ($X per ton) and China ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in Asia-Pacific

In 2023, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. 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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then fell slightly in the following year.

In value terms, vinyl chloride polymer rigid pipes imports fell to $X in 2023. The total import value 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 growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

Singapore (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports in 2023. Thailand (X tons) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%), Vietnam (X%), Australia (X%) and Myanmar (X%). Lao People's Democratic Republic (X tons), China (X tons), the Philippines (X tons), Maldives (X tons), Malaysia (X tons) and Macao SAR (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Australia, Vietnam, Malaysia, Indonesia, the Philippines, Maldives, Thailand, Lao People's Democratic Republic, Myanmar and Macao SAR lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Lao People's Democratic Republic, 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

The import price in Asia-Pacific stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform