Canada: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Canada

In 2022, the Canadian metal-reinforced rubber hose market increased by 20% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value 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, consumption increased by +60.0% against 2020 indices. Metal-reinforced rubber hose consumption peaked in 2022 and is expected to retain growth in the near future.

Metal-Reinforced Rubber Hose Exports

Exports from Canada

Metal-reinforced rubber hose exports from Canada was estimated at X tons in 2022, remaining stable against the previous year's figure. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports expanded modestly to $X in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for metal-reinforced rubber hose exports from Canada, accounting for a 85% share of total exports. Moreover, metal-reinforced rubber hose exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The third position in this ranking was held by Australia (X tons), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+121.4% per year) and Australia (+10.5% per year).

In value terms, the United States ($X) remains the key foreign market for rubber hose reinforced with metal exports from Canada, comprising 85% of total exports. The second position in the ranking was held by Japan ($X), with a 3.9% share of total exports. It was followed by Australia, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+121.9% per year) and Australia (+10.5% per year).

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, surging by 3.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 15%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to the UK ($X per ton) and Japan ($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 Japan (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Canada

In 2022, overseas purchases of rubber hose reinforced with metal increased by 10% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.2% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 30%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal-reinforced rubber hose imports surged to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% 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.

Imports by Country

In 2022, the United States (X tons) constituted the largest metal-reinforced rubber hose supplier to Canada, with a 36% share of total imports. Moreover, metal-reinforced rubber hose imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. China (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.4% per year) and China (+7.5% per year).

In value terms, the United States ($X) constituted the largest supplier of rubber hose reinforced with metal to Canada, comprising 36% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by China, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.2% per year) and China (+7.3% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, rising by 8.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood 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 Mexico ($X per ton) and the United States ($X per ton), while the price for Singapore ($X per ton) and Italy ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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