Philippines: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in the Philippines

In 2023, the Philippine market for flexible tubes, pipes and hoses of plastics, without fittings decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated mild growth 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 decreased by X% against 2021 indices. Consumption of peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in the Philippines

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings amounted to $X in 2023 estimated in export price. In general, the total production indicated a buoyant 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Production of peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from the Philippines

In 2023, overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2023. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports of attained the maximum in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from the Philippines, accounting for a X% share of total exports. It was followed by Thailand (X tons), with a X% share of total exports. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

In value terms, Japan ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into the Philippines

In 2023, imports of flexible tubes, pipes and hoses of plastics, without fittings into the Philippines contracted to X tons, falling by X% on the previous year's figure. In general, imports showed a pronounced slump. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings reduced to $X in 2023. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, without fittings supplier to the Philippines, accounting for a X% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, without fittings from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by Japan (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Japan (X% per year).

In value terms, the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to the Philippines were Spain ($X), China ($X) and Japan ($X), with a combined X% share of total imports. The United States, Singapore, Russia, Poland, Germany, Hong Kong SAR and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded 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 2023, the average import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform