Belgium: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Belgium

After two years of growth, the Belgian metal-reinforced rubber hose market decreased by -20.4% to $X in 2022. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal-reinforced rubber hose consumption peaked at $X in 2021, and then contracted markedly in the following year.

Metal-Reinforced Rubber Hose Production in Belgium

In value terms, metal-reinforced rubber hose production declined to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from Belgium

In 2022, approx. X tons of rubber hose reinforced with metal were exported from Belgium; which is down by -30.1% compared with 2021. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports contracted notably to $X in 2022. Over the period under review, exports faced a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 33%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Italy (X tons) and Sweden (X tons) were the main destinations of metal-reinforced rubber hose exports from Belgium, with a combined 43% share of total exports. Finland, the Czech Republic, France, Germany, Spain, Portugal, Denmark, Poland and the UK lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +32.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the largest markets for metal-reinforced rubber hose exported from Belgium worldwide, together accounting for 49% of total exports. The Netherlands, Spain, Finland, Sweden, the Czech Republic, Poland, Portugal, Denmark and the UK lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Poland, with a CAGR of +18.1%, recorded 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 average metal-reinforced rubber hose export price stood at $X per ton in 2022, waning by -6.6% against the previous year. Over the period under review, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 17%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%), while the prices for the other major destinations experienced a decline.

Metal-Reinforced Rubber Hose Imports

Imports into Belgium

In 2022, imports of rubber hose reinforced with metal into Belgium shrank notably to X tons, reducing by -33.9% on the year before. Over the period under review, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2013 when imports increased by 29%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports dropped sharply to $X in 2022. In general, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of metal-reinforced rubber hose imports to Belgium, together accounting for 64% of total imports. Italy, Austria, the Netherlands, Germany, the UK, Turkey and China lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +22.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Italy ($X) were the largest metal-reinforced rubber hose suppliers to Belgium, together comprising 58% of total imports. Mexico, the UK, Austria, Germany, the Netherlands, China and Turkey lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, the UK, with a CAGR of +30.5%, recorded the highest growth rate of the value of imports, 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, increasing by 5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 8.7% against the previous year. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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