Polyplastic sees Russian plastic pipe market growing to 1 mln tonnes in 2025

MOSCOW. March 28 (Interfax) - Russia's plastic pipe market could grow to more than 1 million tonnes in 2025, Polyplastic Group operations director Kirill Trusov forecast.

"We crossed the threshold of 850,000 tonnes for the whole plastic pipe market in 2023 and we have a very good chance of crossing 900,000 tonnes in 2024. And in 2025, I'm confident, the market in Russia will certainly, through joint efforts, already break through the threshold of 1 million tonnes. And we further hope that it will not just break through, but also firm up there, not decreasing anymore," Trusov said at a conference on plastic pipe systems.

The market totaled 793,000 tonnes in 2022, with interior systems making up 18% and exterior networks 82%, and grew to 866,000 tonnes (17% and 83%, respectively) in 2023, according to Trusov's presentation. It is forecast to grow to 934,000 tonnes in 2024 (16% and 84%, respectively).

"If you look at consumption, why we're growing, again, there are no surprises. The foundation is cold water supply and a little water disposal. However, if we're talking about the growth leader, gas is leading by far, growing by 150% in five years, and now makes up a very substantial, stable part of our market," Trusov said.

Polyplastic Group is the largest manufacturer of plastic pipes for external water supply and wastewater disposal, gas distribution and heating networks. The group includes pipe plants in Russia, Belarus and Kazakhstan with combined capacity of about 750,000 tonnes.

The group's sales grew to over 90 billion rubles in 2023 from 77 billion rubles a year earlier, and its production rose 9% to 283,000 tonnes. The group aims to increase sales to 105 billion-110 billion rubles in 2024.