Asia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Asia

The Asian metal-reinforced rubber hose market reduced to $X in 2022, dropping by -13.2% against the previous year. Overall, consumption, however, enjoyed a noticeable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in Asia

In value terms, metal-reinforced rubber hose production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by 201% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports in Asia

In 2022, approx. X tons of rubber hose reinforced with metal were exported in Asia; flattening at the year before. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +42.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, metal-reinforced rubber hose exports stood at $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +52.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the key exporter of rubber hose reinforced with metal in Asia, with the volume of exports accounting for X tons, which was approx. 55% of total exports in 2022. Turkey (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by India (8.3%), Thailand (6.5%) and Malaysia (6%). The following exporters - Singapore (X tons) and Japan (X tons) - each reached a 5.5% share of total exports.

China was also the fastest-growing in terms of the rubber hose reinforced with metal exports, with a CAGR of +7.8% from 2012 to 2022. At the same time, India (+6.4%), Malaysia (+3.7%), Japan (+1.6%) and Thailand (+1.1%) displayed positive paces of growth. Turkey and Singapore experienced a relatively flat trend pattern. China (+14 p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Thailand and Turkey saw its share reduced by -2%, -2.7% and -8.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal-reinforced rubber hose supplier in Asia, comprising 44% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +7.1%. In the other countries, the average annual rates were as follows: Turkey (-0.3% per year) and Thailand (+1.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by 4.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 7.7% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 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

In 2022, approx. X tons of rubber hose reinforced with metal were imported in Asia; dropping by -4.2% against 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 24% against the previous year. The volume of import peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, metal-reinforced rubber hose imports stood at $X in 2022. Overall, imports, however, recorded a modest increase. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), followed by Indonesia (X tons), India (X tons), the United Arab Emirates (X tons), South Korea (X tons), Vietnam (X tons), Turkey (X tons), Thailand (X tons) and Japan (X tons) represented the largest importers of rubber hose reinforced with metal, together creating 74% of total imports. The following importers - Singapore (X tons), the Philippines (X tons), Iran (X tons) and Taiwan (Chinese) (X tons) - each accounted for a 12% share of total imports.

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, China ($X) constitutes the largest market for imported rubber hose reinforced with metal in Asia, comprising 19% of total imports. The second position in the ranking was held by Indonesia ($X), with an 8.4% share of total imports. It was followed by India, with an 8.1% share.

In China, metal-reinforced rubber hose imports decreased by an average annual rate of -1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+1.5% per year) and India (+4.9% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by 4.6% against the previous year. Overall, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2018 when the import price increased by 7.3%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Iran ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :