EU: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in the EU

In 2022, the EU metal-reinforced rubber hose market increased by 7.9% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +39.9% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Metal-Reinforced Rubber Hose Production in the EU

In value terms, metal-reinforced rubber hose production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% 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 2017 with an increase of 49%. The level of production peaked in 2022 and is likely to see gradual growth in the immediate term.

Metal-Reinforced Rubber Hose Exports

Exports in the EU

In 2022, the amount of rubber hose reinforced with metal exported in the European Union declined to X tons, waning by -3.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, metal-reinforced rubber hose exports reached $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 39%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Italy (X tons), distantly followed by Poland (X tons), the Czech Republic (X tons) and Germany (X tons) represented the largest exporters of rubber hose reinforced with metal, together creating 85% of total exports. The following exporters - Austria (X tons), Romania (X tons) and Portugal (X tons) - together made up 8.1% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +22.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose supplying countries in the European Union were Italy ($X), Poland ($X) and the Czech Republic ($X), together accounting for 73% of total exports.

Among the main exporting countries, Poland, with a CAGR of +23.4%, recorded the highest growth rate of 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

The export price in the European Union stood at $X per ton in 2022, growing by 6.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 7.3% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Germany ($X per ton), while Romania ($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 (+1.3%), while the other leaders experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports in the EU

In 2022, overseas purchases of rubber hose reinforced with metal increased by 3.2% to X tons, rising for the second year in a row after two years of decline. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +35.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports expanded remarkably to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +46.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Germany was the largest importer of rubber hose reinforced with metal in the European Union, with the volume of imports recording X tons, which was near 32% of total imports in 2022. Italy (X tons) ranks second in terms of the total imports with a 14% share, followed by Poland (12%), the Czech Republic (6.9%), France (6.6%) and Sweden (4.5%). Spain (X tons), Belgium (X tons), the Netherlands (X tons), Austria (X tons), Portugal (X tons) and Finland (X tons) held a relatively small share of total imports.

Imports into Germany increased at an average annual rate of +6.3% from 2012 to 2022. At the same time, Portugal (+15.8%), Poland (+13.9%), Spain (+9.7%), the Czech Republic (+5.8%), Italy (+5.6%), Austria (+4.2%) and Finland (+1.6%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the European Union, with a CAGR of +15.8% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Sweden (-1.3%), Belgium (-3.5%) and the Netherlands (-9.8%) illustrated a downward trend over the same period. While the share of Poland (+7.1 p.p.), Germany (+6 p.p.), Italy (+1.9 p.p.), Spain (+1.6 p.p.) and Portugal (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (-2.4 p.p.), Sweden (-3.2 p.p.), Belgium (-3.7 p.p.) and the Netherlands (-10 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported rubber hose reinforced with metal in the European Union, comprising 31% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by Poland, with an 11% share.

In Germany, metal-reinforced rubber hose imports expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+6.4% per year) and Poland (+14.1% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, picking up by 2.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 5.7%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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