Latin America and the Caribbean: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Latin America and the Caribbean

The Latin American metal-reinforced rubber hose market contracted to $X in 2022, which is down by -4.9% against the previous year. Overall, consumption, however, recorded a noticeable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in Latin America and the Caribbean

In value terms, metal-reinforced rubber hose production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 100%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of rubber hose reinforced with metal increased by 4.5% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 80% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico prevails in exports structure, finishing at X tons, which was approx. 94% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the rubber hose reinforced with metal exports, with a CAGR of +8.2% from 2012 to 2022. At the same time, Brazil (+4.9%) displayed positive paces of growth. While the share of Mexico (+5.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest metal-reinforced rubber hose supplier in Latin America and the Caribbean, comprising 91% of total exports. The second position in the ranking was taken by Brazil ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at +7.7%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the export price, however, recorded a mild descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-0.5%).

Metal-Reinforced Rubber Hose Imports

Imports in Latin America and the Caribbean

In 2022, the amount of rubber hose reinforced with metal imported in Latin America and the Caribbean amounted to X tons, picking up by 8.8% against 2021. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +96.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +67.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Brazil was the major importing country with an import of about X tons, which accounted for 56% of total imports. Mexico (X tons) held the second position in the ranking, followed by Argentina (X tons), Chile (X tons) and Peru (X tons). All these countries together held near 32% share of total imports. Colombia (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the rubber hose reinforced with metal imports, with a CAGR of +8.0% from 2012 to 2022. At the same time, Argentina (+7.2%), Mexico (+6.1%), Chile (+3.0%) and Peru (+2.1%) displayed positive paces of growth. Colombia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil increased by +9.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported rubber hose reinforced with metal in Latin America and the Caribbean, comprising 45% of total imports. The second position in the ranking was taken by Mexico ($X), with a 19% share of total imports. It was followed by Chile, with an 11% share.

In Brazil, metal-reinforced rubber hose imports increased at an average annual rate of +7.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+6.0% per year) and Chile (+3.4% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 9.9% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :