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U.S. Rubber And Plastic Hoses And Belting Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

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

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Apr 12, 2023

Import of Hoses & Belts in US Plummet 11%, Averaging $370M in Feb 2023

U.S. Hose And Belt Imports

Hose and belt imports into the United States shrank to 47K tons in February 2023, waning by -12.5% compared with the previous month. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when imports increased by 15% against the previous month. Over the period under review, imports attained the peak figure at 64K tons in May 2022; however, from June 2022 to February 2023, imports remained at a lower figure.

In value terms, hose and belt imports fell to $370M (IndexBox estimates) in February 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when imports increased by 17% m-o-m. Over the period under review, imports attained the maximum at 468K tons in May 2022; however, from June 2022 to February 2023, imports failed to regain momentum.

Imports by Country

Mexico (13K tons), China (11K tons) and Canada (4.8K tons) were the main suppliers of hose and belt imports to the United States, with a combined 62% share of total imports. These countries were followed by India, Taiwan (Chinese), South Korea, Turkey, Italy, Japan, Thailand, Germany and Vietnam, which together accounted for a further 30%.

From February 2022 to February 2023, the biggest increases were in India (with a CAGR of +3.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hose and belt suppliers to the United States were Mexico ($98M), China ($51M) and Canada ($36M), with a combined 50% share of total imports. Japan, India, Germany, Taiwan (Chinese), Italy, South Korea, Turkey, Thailand and Vietnam lagged somewhat behind, together accounting for a further 32%.

Italy, with a CAGR of +2.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In February 2023, the hose and belt price stood at $7,883 per ton (CIF, US), rising by 2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 5.2% m-o-m. The import price peaked at $8,151 per ton in December 2022; however, from January 2023 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($24,150 per ton), while the price for Vietnam ($4,114 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), 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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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