Asia-Pacific: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Asia-Pacific

The Asia-Pacific textile rubber hose market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; afterwards, it flattened through to 2021.

Textile Rubber Hose Production in Asia-Pacific

In value terms, textile rubber hose production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 22% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Textile Rubber Hose Exports

Exports in Asia-Pacific

In 2021, shipments abroad of rubber hose reinforced with textiles was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of rubber hose reinforced with textiles in Asia-Pacific, with the volume of exports resulting at X tons, which was near 43% of total exports in 2021. It was distantly followed by Malaysia (X tons), Thailand (X tons), Japan (X tons) and India (X tons), together constituting a 50% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, South Korea (+10.8%), India (+10.6%) and Thailand (+8.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.8% from 2012-2021. By contrast, Malaysia (-1.5%) and Japan (-3.3%) illustrated a downward trend over the same period. While the share of Thailand (+5.8 p.p.), India (+4.1 p.p.), China (+2.3 p.p.) and South Korea (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-7.2 p.p.) and Japan (-7.2 p.p.) displayed negative dynamics.

In value terms, the largest textile rubber hose supplying countries in Asia-Pacific were Japan ($X), China ($X) and Thailand ($X), with a combined 74% share of total exports. India, Malaysia and South Korea lagged somewhat behind, together comprising a further 21%.

Among the main exporting countries, India, with a CAGR of +15.8%, saw 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 2021, the export price in Asia-Pacific amounted to $X per ton, approximately reflecting the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 6.2%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the other leaders experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports in Asia-Pacific

In 2021, overseas purchases of rubber hose reinforced with textiles were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a abrupt downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, textile rubber hose imports skyrocketed to $X in 2021. In general, imports, however, saw a mild slump. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons), distantly followed by Japan (X tons), Indonesia (X tons), Australia (X tons), Thailand (X tons), India (X tons) and Singapore (X tons) were the main importers of rubber hose reinforced with textiles, together committing 80% of total imports. South Korea (X tons), the Philippines (X tons), Vietnam (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rubber hose reinforced with textiles in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by Indonesia, with a 9.1% share.

In China, textile rubber hose imports increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-3.0% per year) and Indonesia (-1.6% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, rising by 5.3% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile rubber hose import price increased by +49.5% against 2015 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 27% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+22.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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