Australia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Australia

The Australian metal-reinforced rubber hose market skyrocketed to $X in 2022, with an increase of 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a pronounced expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Metal-Reinforced Rubber Hose Exports

Exports from Australia

In 2022, approx. X tons of rubber hose reinforced with metal were exported from Australia; reducing by -27.8% on the previous year's figure. Over the period under review, exports, however, posted a moderate increase. The growth pace was the most rapid in 2018 when exports increased by 55%. The exports peaked 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 fell remarkably to $X in 2022. Overall, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and Singapore (X tons) were the main destinations of metal-reinforced rubber hose exports from Australia, with a combined 69% share of total exports. Ghana, Cote d'Ivoire, Indonesia, the United States, Thailand, Panama, Belgium and India lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +92.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from Australia were Papua New Guinea ($X), New Zealand ($X) and Singapore ($X), with a combined 69% share of total exports. Ghana, Cote d'Ivoire, Indonesia, the United States, Thailand, Panama, Belgium and India lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +70.3%, recorded the highest rates of growth with regard to 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 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, growing by 16% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and Ghana ($X per ton), while the average price for exports to Singapore ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Metal-Reinforced Rubber Hose Imports

Imports into Australia

In 2022, approx. X tons of rubber hose reinforced with metal were imported into Australia; growing by 9.1% on the previous year. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 58%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. In general, imports showed a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), Italy (X tons) and China (X tons) were the main suppliers of metal-reinforced rubber hose imports to Australia, together comprising 58% of total imports. India, Japan, Singapore, Germany, South Korea, Mexico and Thailand lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +99.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and China ($X) constituted the largest metal-reinforced rubber hose suppliers to Australia, with a combined 58% share of total imports. India, Japan, Singapore, Germany, South Korea, Mexico and Thailand lagged somewhat behind, together accounting for a further 21%.

Germany, with a CAGR of +97.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, growing by 7.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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