Eastern Asia: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Eastern Asia

The East Asian rubber tube and pipe market dropped modestly to $X in 2021, shrinking by -2% against the previous year. Overall, consumption continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the market value increased by 5.3%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Eastern Asia

In value terms, rubber tube and pipe production shrank modestly to $X in 2021 estimated in export price. In general, production showed a mild decrease. The growth pace was the most rapid in 2018 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Eastern Asia

In 2021, overseas shipments of tubes, pipes and hoses of vulcanized rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe exports soared to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. 83% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with an 8.6% share, followed by South Korea (6.3%). Taiwan (Chinese) (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the tubes, pipes and hoses of vulcanized rubber exports, with a CAGR of +6.2% from 2012 to 2021. At the same time, South Korea (+2.6%) and Taiwan (Chinese) (+1.7%) displayed positive paces of growth. By contrast, Japan (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +9.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest rubber tube and pipe supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was taken by Japan ($X), with a 26% share of total exports. It was followed by South Korea, with an 11% share.

In China, rubber tube and pipe exports expanded at an average annual rate of +6.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-4.3% per year) and South Korea (+3.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 5.4%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Taiwan (Chinese) (+2.6%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in Eastern Asia

After two years of decline, overseas purchases of tubes, pipes and hoses of vulcanized rubber increased by 15% to X tons in 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, rubber tube and pipe imports surged to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

China represented the major importer of tubes, pipes and hoses of vulcanized rubber in Eastern Asia, with the volume of imports resulting at X tons, which was near 53% of total imports in 2021. Japan (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (16%) and Taiwan (Chinese) (7.1%). Hong Kong SAR (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the tubes, pipes and hoses of vulcanized rubber imports, with a CAGR of +2.1% from 2012 to 2021. At the same time, Hong Kong SAR (+1.6%), South Korea (+1.4%) and Taiwan (Chinese) (+1.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. China (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber in Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by Japan ($X), with an 18% share of total imports. It was followed by South Korea, with a 9.7% share.

In China, rubber tube and pipe imports expanded at an average annual rate of +2.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-1.1% per year) and South Korea (+0.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, approximately equating the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 9.9%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($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 (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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