MENA: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in MENA

The MENA's textile rubber hose market skyrocketed to $X in 2021, rising by 217% against the previous year. Over the period under review, consumption posted a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Textile Rubber Hose Production in MENA

In value terms, textile rubber hose production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 196% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Textile Rubber Hose Exports

Exports in MENA

In 2021, textile rubber hose exports in MENA reached X tons, rising by 3.6% compared with the previous year's figure. In general, exports, however, showed a perceptible setback. The growth pace was the most rapid in 2016 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, textile rubber hose exports expanded sharply to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was near 96% of total exports in 2021. The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to textile rubber hose exports from Turkey stood at -4.3%. At the same time, the United Arab Emirates (+6.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +6.9% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest textile rubber hose supplier in MENA, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to -1.1%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 when the export price increased by 19%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%).

Textile Rubber Hose Imports

Imports in MENA

In 2021, overseas purchases of rubber hose reinforced with textiles increased by 34% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose imports surged to $X in 2021. The total import value increased at an average annual rate of +5.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) were the largest importers of rubber hose reinforced with textiles in 2021, amounting to near 27% and 24% of total imports, respectively. Turkey (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Iran (9.1%). The following importers - Qatar (X tons), Morocco (X tons), Iraq (X tons), Tunisia (X tons), Algeria (X tons), Kuwait (X tons), Egypt (X tons) and Bahrain (X tons) - together made up 25% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile rubber hose importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), together comprising 60% of total imports.

Saudi Arabia, with a CAGR of +18.1%, 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

The import price in MENA stood at $X per ton in 2021, growing by 2.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2013 when the import price increased by 21%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Egypt (+26.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform