South-Eastern Asia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in South-Eastern Asia

The Southeast Asian propylene polymer rigid pipes market rose modestly to $X in 2023, growing by X% against the previous year. The total consumption indicated a perceptible increase 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in South-Eastern Asia

In value terms, propylene polymer rigid pipes production reached $X in 2023 estimated in export price. The total production indicated moderate 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports in South-Eastern Asia

In 2023, shipments abroad of rigid tubes, pipes and hoses of polymers of propylene increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, propylene polymer rigid pipes exports reached $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Indonesia (X tons) represented the key exporter of rigid tubes, pipes and hoses of polymers of propylene, mixing up X% of total exports. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), Vietnam (X%) and Singapore (X%).

From 2012 to 2023, average annual rates of growth with regard to propylene polymer rigid pipes exports from Indonesia stood at X%. At the same time, Vietnam (X%), Singapore (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Vietnam (X p.p.), Thailand (X p.p.), Singapore (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Indonesia ($X) remains the largest propylene polymer rigid pipes supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, propylene polymer rigid pipes exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then declined modestly in the following year.

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

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

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports in South-Eastern Asia

In 2023, propylene polymer rigid pipes imports in South-Eastern Asia rose remarkably to X tons, increasing by X% compared with 2022 figures. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, propylene polymer rigid pipes imports reached $X in 2023. Total imports 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2023, Vietnam (X tons), the Philippines (X tons) and Singapore (X tons) represented the key importer of rigid tubes, pipes and hoses of polymers of propylene in South-Eastern Asia, committing X% of total import. Indonesia (X tons) took the next position in the ranking, followed by Thailand (X tons), Myanmar (X tons) and Malaysia (X tons). All these countries together took approx. X% share of total imports.

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

In value terms, Singapore ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of propylene in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform