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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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Jan 11, 2023

U.S. Hose and Belt Import Falls 5%, Averaging 52K Tons in November 2022

U.S. Hose and Belt Imports

In November 2022, approximately 52K tons of rubber and plastic hoses and belting were imported into the United States; waning by -5.1% compared with the previous month. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 15% month-to-month. Imports peaked at 64K tons in May 2022; however, from June 2022 to November 2022, imports stood at a somewhat lower figure.

In value terms, hose and belt imports fell to $417M (IndexBox estimates) in November 2022. The total import value increased at an average monthly rate of +1.9% over the period from January 2022 to November 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in March 2022 when imports increased by 17% against the previous month. Imports peaked at 468K tons in May 2022; however, from June 2022 to November 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (12K tons), China (12K tons) and Canada (5.8K tons) were the main suppliers of hose and belt imports to the United States, with a combined 58% share of total imports. These countries were followed by India, Taiwan (Chinese), South Korea, Turkey, Italy, Japan, Thailand, Germany, Spain and Vietnam, which together accounted for a further 33%.

From January 2022 to November 2022, the biggest increases were in South Korea (with a CAGR of +5.9%), 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 ($105M), China ($57M) and Canada ($39M), with a combined 48% share of total imports. These countries were followed by Japan, India, Germany, Italy, South Korea, Taiwan (Chinese), Thailand, Turkey, Spain and Vietnam, which together accounted for a further 34%.

Spain, with a CAGR of +6.9%, recorded the highest growth rate of the value of imports, among 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 November 2022, the hose and belt price stood at $7,958 per ton (CIF, US), approximately mirroring the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 5.2% against the previous month. Over the period under review, average import prices reached the maximum in November 2022.

There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Japan ($18.3 per kg), while the price for Vietnam ($4,510 per ton) was amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Factors Affecting Hose and Belt Prices

There are several factors that contribute to the price of a hose or belt. The first is the cost of raw materials. Hoses and belts are made from a variety of materials, including rubber, plastic, metal, and fabric. The price of these materials can fluctuate based on market conditions.

The second factor is the cost of labor. Hoses and belts are manufactured all over the world, and the cost of labor can vary greatly from one country to another. In addition, the level of automation in the manufacturing process can also affect labor costs.

The third factor is shipping costs. Hoses and belts must be shipped from the factory to the customer, and this can add to the overall price.

Finally, there are other miscellaneous costs associated with hoses and belts, such as marketing and advertising expenses. All of these factors must be considered when setting prices for hoses and belts.

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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