Asia: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Asia

The Asian textile rubber hose market skyrocketed to $X in 2021, surging by 53% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Textile Rubber Hose Production in Asia

In value terms, textile rubber hose production soared to $X in 2021 estimated in export price. Overall, production showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 81% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Textile Rubber Hose Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of rubber hose reinforced with textiles, when their volume increased by 23% to X tons. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 23%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, textile rubber hose exports surged to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the major exporter of rubber hose reinforced with textiles, creating 35% of total exports. Turkey (X tons) held the second position in the ranking, followed by Malaysia (X tons), Thailand (X tons), Japan (X tons) and India (X tons). All these countries together held approx. 58% share of total exports. South Korea (X tons) took a relatively small share of total exports.

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, with a CAGR of +10.8% from 2012-2021. By contrast, Malaysia (-1.5%), Japan (-3.3%) and Turkey (-4.3%) illustrated a downward trend over the same period. While the share of China (+5.9 p.p.), Thailand (+5.6 p.p.), India (+3.7 p.p.) and South Korea (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-3.5 p.p.), Japan (-4.2 p.p.) and Turkey (-10.3 p.p.) displayed negative dynamics.

In value terms, Japan ($X), China ($X) and Turkey ($X) were the countries with the highest levels of exports in 2021, together accounting for 64% of total exports. Thailand, India, Malaysia and South Korea lagged somewhat behind, together comprising a further 31%.

In terms of 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

The export price in Asia stood at $X per ton in 2021, picking up by 1.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 5%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood 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

In 2021, after two years of decline, there was significant growth in supplies from abroad of rubber hose reinforced with textiles, when their volume increased by 25% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, textile rubber hose imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs 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), the United Arab Emirates (X tons), Indonesia (X tons), Saudi Arabia (X tons) and Kazakhstan (X tons) represented the key importers of rubber hose reinforced with textiles, together comprising 58% of total imports. The following importers - Thailand (X tons), India (X tons), Singapore (X tons), South Korea (X tons), the Philippines (X tons), Turkey (X tons) and Vietnam (X tons) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Saudi Arabia (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rubber hose reinforced with textiles in Asia, comprising 31% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Indonesia, with a 7.9% share.

In China, textile rubber hose imports increased at an average annual rate of +3.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-3.0% per year) and Indonesia (-1.6% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 2.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 5.3%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Kazakhstan ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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