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U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2030
Report Update: Feb 1, 2025

U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2030

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Jun 5, 2024

U.S. Hose and Belt Imports Total An Average of $4.9 Billion in 2023

U.S. Hose And Belt Imports

After two years of growth, purchases abroad of rubber and plastic hoses and belting decreased by -6.3% to 623K tons in 2023. Overall, total imports indicated a pronounced expansion from 2013 to 2023: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +36.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Imports peaked at 665K tons in 2022, and then dropped in the following year.

In value terms, hose and belt imports declined to $4.9B (IndexBox estimates) in 2023. Over the period under review, total imports indicated a perceptible expansion from 2013 to 2023: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +54.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports attained the maximum at $5B in 2022, and then declined slightly in the following year.U.S. Hose And Belt Imports By Country (Million USD)

COUNTRYImport Value of Hose And Belt in U.S. (million USD)
20132014201520162017201820192020202120222023
Mexico6417267837328319259428299861,2021,348
China624756611590748862655562718783681
Canada397384294273332397378317371493538
Japan258258244253261272275214266310293
Germany215239230208216239222185225236246
India44.457.759.458.376.295.1122113176230231
Italy98.911387.686.298.510610393.9138177192
Taiwan (Chinese)120121113101102119117170204199179
Others7237357606286867888067209491,3231,237
Total3,1213,3903,1812,9283,3503,8043,6193,2054,0334,9534,945

Imports by Country

Mexico (167K tons), China (156K tons) and Canada (65K tons) were the main suppliers of hose and belt imports to the United States, with a combined 62% share of total imports. India, Taiwan (Chinese), Italy, Japan and Germany lagged somewhat behind, together comprising a further 19%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($1.3B), China ($681M) and Canada ($538M) constituted the largest hose and belt suppliers to the United States, with a combined 52% share of total imports. Japan, Germany, India, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, India, with a CAGR of +17.9%, recorded the highest rates of growth with regard to 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 hose and belt price amounted to $7,937 per ton (CIF, US), growing by 6.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. 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 supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($20,686 per ton), while the price for Vietnam ($3,909 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hose and belt market in the U.S.. 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.

Product coverage:

  • NAICS 326220 - Rubber and plastics hoses and belting manufacturing

Companies mentioned:

  • The Gates Corporation
  • Fiskars Brands
  • TTI Floor Care North America
  • DTR Industries
  • J.G.B. Enterprises
  • Beltservice Corporation
  • Newage Industries
  • Hitachi Cable America
  • The Flexaust Company
  • Titeflex Corporation
  • Kongsberg Actuation Systems II
  • Fna Group
  • Ammeraal Beltech
  • Bando Usa
  • Flexible Technologies
  • Tramec
  • Teknor Apex Tennessee Company
  • Tedd Smith
  • All-American Holdings
  • Contitech Thermopol
  • Dayco Products
  • Continental Plastics Co.
  • U.S. Wire & Cable Corporation
  • Tigerflex Corporation
  • Plastic Specialties and Technologies
  • Forbo Siegling
  • Fenner U.S. Holdings
  • Eaton-Aeroquip
  • Aeroquip-Vickers
  • HBD Industries
  • All-American Hose

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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