Asia-Pacific: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Asia-Pacific

The Asia-Pacific metal-reinforced rubber hose market shrank modestly to $X in 2022, which is down by -2.7% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.1% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Production in Asia-Pacific

In value terms, metal-reinforced rubber hose production reduced modestly to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +3.1% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in Asia-Pacific

In 2022, overseas shipments of rubber hose reinforced with metal increased by 1.1% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, metal-reinforced rubber hose exports expanded rapidly to $X in 2022. Total exports indicated a noticeable 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, exports increased by +59.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 64% of total exports in 2022. India (X tons) ranks second in terms of the total exports with a 9.6% share, followed by Thailand (7.6%) and Malaysia (7%). Singapore (X tons), Japan (X tons) and South Korea (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +7.8% from 2012 to 2022. At the same time, South Korea (+10.2%), India (+6.4%), Malaysia (+3.7%), Japan (+1.6%) and Thailand (+1.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.2% from 2012-2022. Singapore experienced a relatively flat trend pattern. China (+11 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Malaysia, Singapore and Thailand saw its share reduced by -1.6%, -1.6%, -3.1% and -4.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal-reinforced rubber hose supplier in Asia-Pacific, comprising 53% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by India, with an 11% share.

In China, metal-reinforced rubber hose exports increased at an average annual rate of +7.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+1.5% per year) and India (+8.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by 4.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 6.3%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.0%), while the other leaders experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports in Asia-Pacific

In 2022, imports of rubber hose reinforced with metal in Asia-Pacific fell slightly to X tons, with a decrease of -3.3% against the year before. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +28.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, metal-reinforced rubber hose imports reached $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 32%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons) and China (X tons) were the key importers of rubber hose reinforced with metal in 2022, accounting for near 21% and 16% of total imports, respectively. Indonesia (X tons) ranks next in terms of the total imports with a 10% share, followed by India (9.7%), South Korea (8.4%), Vietnam (7.6%), Thailand (5.1%) and Japan (5.1%).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose importing markets in Asia-Pacific were Australia ($X), China ($X) and Indonesia ($X), with a combined 49% share of total imports. India, South Korea, Japan, Thailand and Vietnam lagged somewhat behind, together comprising a further 33%.

Vietnam, with a CAGR of +7.8%, saw the highest growth rate of 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

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 5.4% against the previous year. In general, the import price, however, showed a slight shrinkage. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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