Japan: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Japan

In 2022, the Japanese metal-reinforced rubber hose market increased by 1.8% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Metal-Reinforced Rubber Hose Production in Japan

In value terms, metal-reinforced rubber hose production dropped to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 55%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Japan

In 2022, approx. X tons of rubber hose reinforced with metal were exported from Japan; which is down by -5.1% compared with 2021. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, metal-reinforced rubber hose exports stood at $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Italy (X tons) and Thailand (X tons) were the main destinations of metal-reinforced rubber hose exports from Japan, together comprising 64% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +11.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for rubber hose reinforced with metal exports from Japan, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 16% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.2% per year) and Thailand (-7.8% per year).

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, picking up by 5.5% against the previous year. In general, the export price, however, recorded a slight setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 the United States (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Metal-Reinforced Rubber Hose Imports

Imports into Japan

In 2022, overseas purchases of rubber hose reinforced with metal increased by 20% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 61%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest metal-reinforced rubber hose supplier to Japan, with a 60% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.6% per year) and South Korea (+8.6% per year).

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with metal to Japan, comprising 58% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports. It was followed by South Korea, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.2% per year) and South Korea (+7.8% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 11%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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