China: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in China

In 2022, the Chinese metal-reinforced rubber hose market decreased by -7.9% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a relatively flat trend pattern. 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 China

In value terms, metal-reinforced rubber hose production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from China

In 2022, shipments abroad of rubber hose reinforced with metal increased by 2.1% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, metal-reinforced rubber hose exports rose rapidly to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +78.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Brazil (X tons), Russia (X tons) and the United States (X tons) were the main destinations of metal-reinforced rubber hose exports from China, together accounting for 30% of total exports. Poland, Vietnam, India, Indonesia, the United Arab Emirates, South Africa, South Korea, Spain, Portugal and Thailand lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +31.9%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Russia ($X) and the United States ($X) appeared to be the largest markets for metal-reinforced rubber hose exported from China worldwide, together comprising 26% of total exports. Poland, Vietnam, Indonesia, South Korea, India, Thailand, the United Arab Emirates, South Africa, Spain and Portugal lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Poland, with a CAGR of +35.0%, 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, with an increase of 3.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 17%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Russia ($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 Vietnam (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into China

After two years of growth, overseas purchases of rubber hose reinforced with metal decreased by -38.9% to X tons in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 25%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined significantly in the following year.

In value terms, metal-reinforced rubber hose imports declined notably to $X in 2022. Over the period under review, imports saw a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of 29%. Over the period under review, imports hit record highs at $X in 2021, and then shrank markedly in the following year.

Imports by Country

Singapore (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of metal-reinforced rubber hose imports to China, with a combined 46% share of total imports. Turkey, Italy, India, Japan, South Korea and Germany lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose suppliers to China were the United States ($X), Singapore ($X) and Italy ($X), together comprising 51% of total imports. Malaysia, Turkey, India, South Korea, Japan and Germany lagged somewhat behind, together accounting for a further 41%.

Among the main suppliers, India, with a CAGR of +15.5%, recorded the highest rates of growth with regard to 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, with an increase of 15% against the previous year. Over the period under review, the import price, however, showed a slight downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :