Eastern Asia: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Eastern Asia

The East Asian textile rubber hose market stood at $X in 2021, with an increase of 2.7% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Textile Rubber Hose Production in Eastern Asia

In value terms, textile rubber hose production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 26%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Textile Rubber Hose Exports

Exports in Eastern Asia

After two years of decline, overseas shipments of rubber hose reinforced with textiles increased by 28% to X tons in 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the largest exporting country with an export of about X tons, which resulted at 74% of total exports. Japan (X tons) ranks second in terms of the total exports with a 19% share, followed by South Korea (6.6%).

Exports from China increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, South Korea (+10.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.8% from 2012-2021. By contrast, Japan (-3.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and South Korea increased by +6.7 and +3.5 percentage points, respectively.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 99% of total exports.

South Korea, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, remaining stable against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the other leaders experienced a decline in the export price figures.

Textile Rubber Hose Imports

Imports in Eastern Asia

After two years of decline, purchases abroad of rubber hose reinforced with textiles increased by 11% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 12% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, textile rubber hose imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 18%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China was the major importing country with an import of around X tons, which reached 55% of total imports. Japan (X tons) held the second position in the ranking, distantly followed by South Korea (X tons). All these countries together held approx. 42% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +2.2%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported rubber hose reinforced with textiles in Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by Japan ($X), with a 27% share of total imports. It was followed by South Korea, with a 5.2% share.

In China, textile rubber hose imports expanded at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-3.0% per year) and South Korea (-6.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 4.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 14% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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