Italy: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Italy

The Italian metal-reinforced rubber hose market rose rapidly to $X in 2022, increasing by 8.9% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +81.1% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Metal-Reinforced Rubber Hose Production in Italy

In value terms, metal-reinforced rubber hose production expanded remarkably to $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 28%. Metal-reinforced rubber hose production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Italy

In 2022, approx. X tons of rubber hose reinforced with metal were exported from Italy; flattening at 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, metal-reinforced rubber hose exports rose slightly to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period 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 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), the UK (X tons) and Germany (X tons) were the main destinations of metal-reinforced rubber hose exports from Italy, together comprising 38% of total exports. Canada, Finland, Australia, Brazil, Turkey, Poland, the Netherlands, France, Sweden and Spain lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +15.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from Italy were the United States ($X), Germany ($X) and the UK ($X), together comprising 42% of total exports. Canada, Australia, Finland, Brazil, Poland, the Netherlands, Turkey, France, Sweden and Spain lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Brazil, with a CAGR of +15.3%, saw the highest rates of growth with regard to 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

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, growing by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 7.8%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Italy

In 2022, purchases abroad of rubber hose reinforced with metal increased by 5.7% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +43.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, metal-reinforced rubber hose imports surged to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +60.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Czech Republic (X tons), Austria (X tons) and North Macedonia (X tons) were the main suppliers of metal-reinforced rubber hose imports to Italy, with a combined 38% share of total imports. Poland, Malaysia, China, Turkey, Romania, Japan, Thailand and Germany lagged somewhat behind, together accounting for a further 57%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +61.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Austria ($X) and Poland ($X) constituted the largest metal-reinforced rubber hose suppliers to Italy, with a combined 41% share of total imports. North Macedonia, Malaysia, Japan, Turkey, China, Romania, Thailand and Germany lagged somewhat behind, together accounting for a further 54%.

North Macedonia, with a CAGR of +64.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, picking up by 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :