MENA: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in MENA

The MENA's metal-reinforced rubber hose market declined significantly to $X in 2022, which is down by -21.9% against the previous year. In general, consumption, however, enjoyed a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal-Reinforced Rubber Hose Production in MENA

In value terms, metal-reinforced rubber hose production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 351% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports in MENA

Metal-reinforced rubber hose exports shrank to X tons in 2022, with a decrease of -10.1% compared with the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports contracted to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 34%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, recording X tons, which was approx. 94% of total exports in 2022. Morocco (X tons) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of rubber hose reinforced with metal. At the same time, Morocco (+95.5%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of +95.5% from 2012-2022. Morocco (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -1.5% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest metal-reinforced rubber hose supplier in MENA, comprising 92% of total exports. The second position in the ranking was held by Morocco ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by 8.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 14%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.1%).

Metal-Reinforced Rubber Hose Imports

Imports in MENA

In 2022, the amount of rubber hose reinforced with metal imported in MENA declined modestly to X tons, dropping by -2% against 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports reached $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 18% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Turkey (X tons) were the largest importers of rubber hose reinforced with metal in MENA, together recording near 53% of total imports. It was distantly followed by Iran (X tons), Egypt (X tons), Iraq (X tons) and Algeria (X tons), together constituting a 31% share of total imports. Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +8.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 65% of total imports. Iran, Egypt, Morocco and Iraq lagged somewhat behind, together accounting for a further 19%.

Egypt, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, surging by 2.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 8.5%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat 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 Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform