Australia and Oceania: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Australia and Oceania

The metal-reinforced rubber hose market in Australia and Oceania surged to $X in 2022, picking up by 18% against the previous year. In general, consumption posted a notable increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Metal-Reinforced Rubber Hose Production in Australia and Oceania

In value terms, metal-reinforced rubber hose production surged to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,586% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in Australia and Oceania

In 2022, metal-reinforced rubber hose exports in Australia and Oceania contracted dramatically to X tons, which is down by -28.9% on 2021 figures. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports contracted sharply to $X in 2022. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, amounting to X tons, which was approx. 95% of total exports in 2022. It was distantly followed by New Zealand (X tons), generating a 4.6% share of total exports.

Australia was also the fastest-growing in terms of the rubber hose reinforced with metal exports, with a CAGR of +4.5% from 2012 to 2022. New Zealand (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +12 percentage points.

In value terms, Australia ($X) remains the largest metal-reinforced rubber hose supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -4.5%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 16% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-2.5%).

Metal-Reinforced Rubber Hose Imports

Imports in Australia and Oceania

In 2022, the amount of rubber hose reinforced with metal imported in Australia and Oceania expanded significantly to X tons, growing by 10% on 2021 figures. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 49% 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. Overall, imports posted a perceptible increase. The pace of growth was the most pronounced in 2019 when imports increased by 45%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was approx. 91% of total imports in 2022. It was distantly followed by New Zealand (X tons), achieving a 7.6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal-reinforced rubber hose imports into Australia stood at +5.4%. At the same time, New Zealand (+7.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.5% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported rubber hose reinforced with metal in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +4.7%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 7.1% against the previous year. In general, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2013 when the import price increased by 12%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.7%).

Source: IndexBox Platform

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