Africa: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Africa

The African metal-reinforced rubber hose market contracted to $X in 2022, remaining constant against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.5% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal-Reinforced Rubber Hose Production in Africa

In value terms, metal-reinforced rubber hose production rose notably to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 54%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in Africa

In 2022, overseas shipments of rubber hose reinforced with metal were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal-reinforced rubber hose exports surged to $X in 2022. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from South Africa (X tons) and Morocco (X tons), together amounting to 99% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Morocco (with a CAGR of +95.5%).

In value terms, the largest metal-reinforced rubber hose supplying countries in Africa were Morocco ($X) and South Africa ($X).

Morocco, with a CAGR of +67.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of 4.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 36% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.1%).

Metal-Reinforced Rubber Hose Imports

Imports in Africa

In 2022, supplies from abroad of rubber hose reinforced with metal increased by 11% to X tons, rising for the second year in a row after two years of decline. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal-reinforced rubber hose imports rose markedly to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.8% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

South Africa was the largest importing country with an import of about X tons, which amounted to 47% of total imports. Egypt (X tons) held the second position in the ranking, followed by Ghana (X tons), Algeria (X tons) and Morocco (X tons). All these countries together held approx. 32% share of total imports. Nigeria (X tons), Tunisia (X tons) and Zambia (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Ghana (+24.5%), Nigeria (+18.1%), Zambia (+15.8%), Algeria (+8.5%), Egypt (+6.3%), Morocco (+5.2%) and Tunisia (+3.6%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of +24.5% from 2012-2022. Ghana (+7.2 p.p.), Nigeria (+1.9 p.p.) and Algeria (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by -12.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported rubber hose reinforced with metal in Africa, comprising 46% of total imports. The second position in the ranking was taken by Algeria ($X), with an 8.4% share of total imports. It was followed by Ghana, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +3.0%. In the other countries, the average annual rates were as follows: Algeria (+5.3% per year) and Ghana (+11.4% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, falling by -2.4% against the previous year. In general, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of 10%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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