Brazil: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Brazil

The Brazilian metal-reinforced rubber hose market shrank to $X in 2022, which is down by -6.4% against the previous year. Over the period under review, consumption, however, posted a noticeable increase. Metal-reinforced rubber hose consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in Brazil

In value terms, metal-reinforced rubber hose production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 137% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Brazil

In 2022, the amount of rubber hose reinforced with metal exported from Brazil dropped to X tons, falling by -7.1% on 2021 figures. Over the period under review, exports, however, posted temperate growth. The growth pace was the most rapid in 2018 when exports increased by 252% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports declined modestly to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 277% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for metal-reinforced rubber hose exports from Brazil, with a 50% share of total exports. Moreover, metal-reinforced rubber hose exports to Argentina exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Paraguay (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.5% per year) and Paraguay (+6.1% per year).

In value terms, the largest markets for metal-reinforced rubber hose exported from Brazil were Argentina ($X), the United States ($X) and Paraguay ($X), with a combined 73% share of total exports. Bolivia, Cuba, Angola and Chile lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Cuba, with a CAGR of +15.1%, 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, surging by 2.9% against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Argentina ($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 Chile (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Metal-Reinforced Rubber Hose Imports

Imports into Brazil

In 2022, approx. X tons of rubber hose reinforced with metal were imported into Brazil; increasing by 7.1% compared with 2021 figures. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, metal-reinforced rubber hose imports surged to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal-reinforced rubber hose to Brazil, with a 66% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The third position in this ranking was held by the United States (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.2% per year) and the United States (+8.7% per year).

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with metal to Brazil, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.4% per year) and Italy (+17.5% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, with an increase of 9.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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