ASEAN: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in ASEAN

The ASEAN metal-reinforced rubber hose market contracted modestly to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, enjoyed pronounced growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Production in ASEAN

In value terms, metal-reinforced rubber hose production declined to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.2% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 39%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in ASEAN

In 2022, approx. X tons of rubber hose reinforced with metal were exported in ASEAN; remaining constant against 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented the major exporters of rubber hose reinforced with metal in 2022, resulting at near 38% and 35% of total exports, respectively. Singapore (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (8.7%).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +6.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together accounting for 95% of total exports. These countries were followed by Indonesia, which accounted for a further 4.5%.

In terms of the main exporting countries, Indonesia, with a CAGR of +6.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, growing by 6.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 6.9% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.4%), while the other leaders experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports in ASEAN

In 2022, overseas purchases of rubber hose reinforced with metal increased by 19% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +44.2% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 35% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +43.4% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 33%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Indonesia (X tons), Vietnam (X tons), Thailand (X tons), Singapore (X tons), the Philippines (X tons) and Malaysia (X tons) represented the largest importer of rubber hose reinforced with metal in ASEAN, committing 98% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +19.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising 66% of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together comprising a further 33%.

The Philippines, with a CAGR of +16.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by 1.1% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform