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Feb 23, 2025

Global Plastic Hoses and Hose Fittings Market: Anticipated to Reach 11M Tons in Volume and $71.6B in Value by 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: World - Plastic Hoses and Hose Fittings - Market

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IndexBox has just published a new report: World - Plastic Hoses and Hose Fittings - Market Analysis, Forecast, Size, Trends and Insights.

The demand for plastic hoses and hose fittings is on the rise worldwide, with market performance expected to increase at a CAGR of +1.3% in volume and +2.0% in value from 2024 to 2035. By the end of 2035, the market volume is projected to reach 11M tons, with a market value of $71.6B in nominal prices.

Driven by increasing demand for plastic hoses and hose fittings worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market volume to 11M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $71.6B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of plastic hoses and hose fittings decreased by -3.6% to 9.3M tons, falling for the second consecutive year after seven years of growth. In general, the total consumption indicated a temperate increase from 2013 to 2024: its volume increased at an average annual rate of +3.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.8% against 2022 indices. The most prominent rate of growth was recorded in 2017 with an increase of 9.8% against the previous year. Over the period under review, global consumption attained the maximum volume at 9.9M tons in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The revenue of the market for plastic hoses and hose fittings worldwide declined modestly to $57.8B in 2024, flattening at 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). Over the period under review, the total consumption indicated a pronounced expansion from 2013 to 2024: its value increased at an average annual rate of +4.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -8.1% against 2022 indices. Global consumption peaked at $62.9B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The country with the largest volume of plastic hose and hose fitting consumption was China (1.8M tons), accounting for 19% of total volume. Moreover, plastic hose and hose fitting consumption in China exceeded the figures recorded by the second-largest consumer, India (739K tons), twofold. Pakistan (510K tons) ranked third in terms of total consumption with a 5.5% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China totaled +2.4%. In the other countries, the average annual rates were as follows: India (+4.4% per year) and Pakistan (+7.9% per year).

In value terms, the largest plastic hose and hose fitting markets worldwide were Japan ($8.7B), China ($7.8B) and the UK ($4.3B), with a combined 36% share of the global market. India, the United States, Italy, Germany, Mexico, Indonesia and Pakistan lagged somewhat behind, together accounting for a further 29%.

Pakistan, with a CAGR of +11.6%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of plastic hose and hose fitting per capita consumption was registered in Italy (7.4 kg per person), followed by the UK (3.6 kg per person), Germany (3.1 kg per person) and Japan (2.4 kg per person), while the world average per capita consumption of plastic hose and hose fitting was estimated at 1.1 kg per person.

From 2013 to 2024, the average annual growth rate of the plastic hose and hose fitting per capita consumption in Italy stood at +8.6%. In the other countries, the average annual rates were as follows: the UK (+6.3% per year) and Germany (+0.0% per year).

In 2024, approx. 9.6M tons of plastic hoses and hose fittings were produced worldwide; picking up by 4.3% compared with 2023 figures. In general, the total production indicated a measured increase from 2013 to 2024: its volume increased at an average annual rate of +3.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -2.6% against 2022 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12%. Over the period under review, global production hit record highs at 9.8M tons in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting production expanded notably to $58.9B in 2024 estimated in export price. Over the period under review, the total production indicated tangible growth from 2013 to 2024: its value increased at an average annual rate of +4.7% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -9.4% against 2022 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17% against the previous year. Over the period under review, global production reached the maximum level at $65B in 2022; however, from 2023 to 2024, production remained at a lower figure.

China (2.3M tons) remains the largest plastic hose and hose fitting producing country worldwide, comprising approx. 24% of total volume. Moreover, plastic hose and hose fitting production in China exceeded the figures recorded by the second-largest producer, India (733K tons), threefold. Italy (521K tons) ranked third in terms of total production with a 5.5% share.

In China, plastic hose and hose fitting production increased at an average annual rate of +3.5% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: India (+4.2% per year) and Italy (+6.6% per year).

In 2024, supplies from abroad of plastic hoses and hose fittings decreased by -23.8% to 1.8M tons for the first time since 2016, thus ending a seven-year rising trend. The total import volume increased at an average annual rate of +1.5% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2023 with an increase of 20%. As a result, imports attained the peak of 2.4M tons, and then reduced markedly in the following year.

In value terms, plastic hose and hose fitting imports dropped to $14.2B in 2024. Over the period under review, total imports indicated a temperate expansion from 2013 to 2024: its value increased at an average annual rate of +3.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -0.6% against 2022 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, global imports attained the peak figure at $14.3B in 2022; however, from 2023 to 2024, imports failed to regain momentum.

In 2024, the United States (257K tons), distantly followed by Mexico (125K tons) represented the main importers of plastic hoses and hose fittings, together committing 21% of total imports. Belgium (77K tons), Germany (73K tons), the Netherlands (72K tons), Canada (46K tons), France (45K tons), Thailand (43K tons), Iraq (42K tons) and Russia (39K tons) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +4.0% from 2013 to 2024. At the same time, Thailand (+13.9%), Belgium (+10.6%) and Mexico (+1.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +13.9% from 2013-2024. The Netherlands, Germany and Russia experienced a relatively flat trend pattern. By contrast, Canada (-1.7%), France (-2.0%) and Iraq (-5.1%) illustrated a downward trend over the same period. The United States (+3.2 p.p.), Belgium (+2.5 p.p.) and Thailand (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Iraq saw its share reduced by -2.5% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic hose and hose fitting importing markets worldwide were the United States ($2B), Mexico ($1.4B) and Germany ($808M), with a combined 30% share of global imports. France, the Netherlands, Canada, Belgium, Russia, Thailand and Iraq lagged somewhat behind, together comprising a further 14%.

The Netherlands, with a CAGR of +6.8%, recorded the highest growth rate of 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.

Flexible tubes, pipes and hoses of plastics, without fittings was the main imported product with an import of about 1.3M tons, which amounted to 54% of total imports. Other plastic tubes, pipes and hoses (796K tons) took the second position in the ranking, distantly followed by flexible tubes, pipes and hoses of plastics, with fittings (170K tons) and flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa (162K tons). All these products together took approx. 46% share of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the key imported products, was attained by flexible tubes, pipes and hoses of plastics, without fittings (with a CAGR of +7.3%), while imports for the other products experienced more modest paces of growth.

In value terms, flexible tubes, pipes and hoses of plastics, without fittings ($5.5B), other plastic tubes, pipes and hoses ($5.2B) and flexible tubes, pipes and hoses of plastics, with fittings ($1.9B) constituted the products with the highest levels of imports in 2024, with a combined 90% share of global imports.

Flexible tubes, pipes and hoses of plastics, with fittings, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

In 2024, the average import price for plastic hoses and hose fittings amounted to $7,678 per ton, growing by 31% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +2.3%. As a result, import 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 imported products. In 2024, the product with the highest price was flexible tubes, pipes and hoses of plastics, with fittings ($11,044 per ton), while the price for flexible tubes, pipes and hoses of plastics, without fittings ($4,087 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by flexible tubes, pipes and hoses of plastics, with fittings (+4.8%), while the other products experienced more modest paces of growth.

In 2024, the average import price for plastic hoses and hose fittings amounted to $7,678 per ton, picking up by 31% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($11,117 per ton), while Iraq ($2,329 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.3%), while the other global leaders experienced more modest paces of growth.

In 2024, overseas shipments of plastic hoses and hose fittings were finally on the rise to reach 2.1M tons for the first time since 2021, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.4% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 16% against the previous year. The global exports peaked in 2024 and are likely to see steady growth in the immediate term.

In value terms, plastic hose and hose fitting exports contracted to $14.5B in 2024. Overall, total exports indicated a notable increase from 2013 to 2024: its value increased at an average annual rate of +4.4% over the last eleven years. 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 23% against the previous year. The global exports peaked at $15B in 2023, and then contracted in the following year.

In 2024, China (572K tons), distantly followed by the Philippines (341K tons), Germany (120K tons), the United States (117K tons) and Italy (116K tons) were the main exporters of plastic hoses and hose fittings, together committing 59% of total exports. The following exporters - Mexico (67K tons), Canada (54K tons), South Korea (53K tons), Turkey (51K tons) and Spain (49K tons) - together made up 13% of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +68.2%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($2.3B), the United States ($2B) and Germany ($1.6B) appeared to be the countries with the highest levels of exports in 2024, together accounting for 41% of global exports. The Philippines, Italy, Mexico, Canada, Spain, South Korea and Turkey lagged somewhat behind, together accounting for a further 21%.

Among the main exporting countries, the Philippines, with a CAGR of +44.0%, 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.

Other plastic tubes, pipes and hoses (845K tons) and flexible tubes, pipes and hoses of plastics, without fittings (822K tons) prevails in exports structure, together committing 82% of total exports. Flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ 27,6 MPa (202K tons) ranks next in terms of the total exports with a 9.9% share, followed by flexible tubes, pipes and hoses of plastics, with fittings (8.6%).

From 2013 to 2024, the biggest increases were recorded for flexible tubes, pipes and hoses of plastics, without fittings (with a CAGR of +4.5%), while shipments for the other products experienced more modest paces of growth.

In value terms, the largest types of exported plastic hoses and hose fittings were flexible tubes, pipes and hoses of plastics, without fittings ($5.7B), other plastic tubes, pipes and hoses ($5.3B) and flexible tubes, pipes and hoses of plastics, with fittings ($1.9B), with a combined 90% share of global exports.

Among the main exported products, flexible tubes, pipes and hoses of plastics, with fittings, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

In 2024, the average export price for plastic hoses and hose fittings amounted to $6,789 per ton, dropping by -10.9% against the previous year. In general, the export price, however, recorded slight growth. The pace of growth was the most pronounced in 2016 an increase of 8.5% against the previous year. Over the period under review, the average export prices hit record highs at $7,619 per ton in 2023, and then fell in the following year.

There were significant differences in the average prices amongst the major exported products. In 2024, the product with the highest price was flexible tubes, pipes and hoses of plastics, with fittings ($10,583 per ton), while the average price for exports of other plastic tubes, pipes and hoses ($6,325 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by flexible tubes, pipes and hoses of plastics, with fittings (+4.4%), while the other products experienced more modest paces of growth.

The average export price for plastic hoses and hose fittings stood at $6,789 per ton in 2024, waning by -10.9% against the previous year. Overall, the export price, however, saw slight growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 8.5%. Over the period under review, the average export prices attained the maximum at $7,619 per ton in 2023, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($17,202 per ton), while the Philippines ($2,268 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for plastic hose and hose fitting. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

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The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles