Europe: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Europe

The Europe metal-reinforced rubber hose market expanded to $X in 2022, with an increase of 2.8% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +34.2% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Metal-Reinforced Rubber Hose Production in Europe

In value terms, metal-reinforced rubber hose production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 39% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in years to come.

Metal-Reinforced Rubber Hose Exports

Exports in Europe

Metal-reinforced rubber hose exports shrank modestly to X tons in 2022, stabilizing at the previous year's figure. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, metal-reinforced rubber hose exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Italy (X tons), distantly followed by Poland (X tons), the Czech Republic (X tons) and Germany (X tons) were the major exporters of rubber hose reinforced with metal, together achieving 79% of total exports. Austria (X tons), North Macedonia (X tons), Belarus (X tons), Romania (X tons), Portugal (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +67.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose supplying countries in Europe were Italy ($X), Poland ($X) and the Czech Republic ($X), with a combined 69% share of total exports. Germany, Austria, North Macedonia, Belarus, Portugal, Romania and Spain lagged somewhat behind, together comprising a further 22%.

North Macedonia, with a CAGR of +72.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Europe stood at $X per ton in 2022, with an increase of 4.7% 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 2018 when the export price increased by 7.2% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 North Macedonia (+2.6%), while the other leaders experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports in Europe

In 2022, supplies from abroad of rubber hose reinforced with metal increased by 3.5% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal-reinforced rubber hose imports stood at $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +46.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 38%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), Poland (X tons), Russia (X tons), the UK (X tons), the Czech Republic (X tons) and France (X tons) were the major importers of rubber hose reinforced with metal, together comprising 73% of total imports. The following importers - Sweden (X tons), Spain (X tons), Belgium (X tons), the Netherlands (X tons), Austria (X tons) and Portugal (X tons) - together made up 16% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal-reinforced rubber hose imports into Germany stood at +6.3%. At the same time, Portugal (+15.8%), Poland (+13.9%), Spain (+9.7%), the Czech Republic (+5.8%), Italy (+5.6%), Austria (+4.2%), Russia (+3.6%) and the UK (+1.7%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in Europe, 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 (+5.9 p.p.), Germany (+5.8 p.p.) and Italy (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (-1.7 p.p.), Sweden (-2.4 p.p.), Belgium (-2.8 p.p.) and the Netherlands (-7.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported rubber hose reinforced with metal in Europe, comprising 25% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Poland, with an 8.8% share.

In Germany, metal-reinforced rubber hose imports increased at an average annual rate of +5.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+6.4% per year) and Poland (+14.1% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, surging by 2.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 7.2%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while Portugal ($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