Iran: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Iran

In 2021, the Iranian textile rubber hose market increased by 82% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a slight expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Textile Rubber Hose Exports

Exports from Iran

In 2021, the amount of rubber hose reinforced with textiles exported from Iran rose rapidly to X tons, with an increase of 13% against the year before. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 86% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile rubber hose exports soared to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 96%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X tons), Azerbaijan (X tons) and Tajikistan (X tons) were the main destinations of textile rubber hose exports from Iran, together accounting for 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +105.1%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X) emerged as the key foreign market for rubber hose reinforced with textiles exports from Iran, comprising 57% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 19% share of total exports. It was followed by Azerbaijan, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to Georgia totaled +99.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (-1.4% per year) and Azerbaijan (-5.4% per year).

Export Prices by Country

In 2021, the average textile rubber hose export price amounted to $X per ton, with an increase of 35% against the previous year. Overall, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 115%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Iran

In 2021, supplies from abroad of rubber hose reinforced with textiles increased by 43% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, textile rubber hose imports skyrocketed to $X in 2021. In general, imports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 97% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of textile rubber hose to Iran, accounting for a 61% share of total imports. Moreover, textile rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.1% per year) and the United Arab Emirates (-9.1% per year).

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with textiles to Iran, comprising 75% of total imports. The second position in the ranking was held by Turkey ($X), with a 3.6% share of total imports. It was followed by Thailand, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.9% per year) and Thailand (+11.0% per year).

Import Prices by Country

The average textile rubber hose import price stood at $X per ton in 2021, rising by 32% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile rubber hose import price increased by +67.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the United Arab Emirates ($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 (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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