Argentina: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Argentina

The Argentinian metal-reinforced rubber hose market soared to $X in 2022, growing by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +59.8% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal-Reinforced Rubber Hose Exports

Exports from Argentina

In 2022, overseas shipments of rubber hose reinforced with metal decreased by -87% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 68% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports contracted sharply to $X in 2022. In general, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2017 when exports increased by 66% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X kg) was the main destination for metal-reinforced rubber hose exports from Argentina, accounting for a 72% share of total exports. Moreover, metal-reinforced rubber hose exports to Uruguay exceeded the volume sent to the second major destination, Brazil (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-28.5% per year) and the United States (-2.9% per year).

In value terms, the largest markets for metal-reinforced rubber hose exported from Argentina were Uruguay ($X), Brazil ($X) and the United States ($X).

In terms of the main countries of destination, the United States, with a CAGR of -4.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, picking up by 30% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal-Reinforced Rubber Hose Imports

Imports into Argentina

In 2022, approx. X tons of rubber hose reinforced with metal were imported into Argentina; growing by 26% compared with the year before. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +79.1% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +59.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest metal-reinforced rubber hose supplier to Argentina, with a 65% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by Brazil (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+62.1% per year) and Brazil (+11.0% per year).

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with metal to Argentina, comprising 48% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by Brazil, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+58.7% per year) and Brazil (+2.2% per year).

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, surging by 10% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :