MERCOSUR: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in MERCOSUR

The MERCOSUR metal-reinforced rubber hose market fell slightly to $X in 2022, which is down by -4.5% against the previous year. Over the period under review, consumption, however, posted a noticeable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Production in MERCOSUR

In value terms, metal-reinforced rubber hose production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 137% 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 MERCOSUR

In 2022, approx. X tons of rubber hose reinforced with metal were exported in MERCOSUR; which is down by -5.9% on 2021 figures. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 233%. 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 fell to $X in 2022. Over the period under review, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2018 when exports increased by 242%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil was the key exporting country with an export of around X tons, which accounted for 75% of total exports. It was distantly followed by Peru (X tons), achieving a 23% share of total exports.

Exports from Brazil increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Peru (+35.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +35.7% from 2012-2022. While the share of Peru (+21 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-12.7 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest metal-reinforced rubber hose supplier in MERCOSUR, comprising 75% of total exports. The second position in the ranking was taken by Peru ($X), with a 22% share of total exports.

In Brazil, metal-reinforced rubber hose exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, dropping by -2% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2019 when the export price increased by 23%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-2.9%).

Metal-Reinforced Rubber Hose Imports

Imports in MERCOSUR

In 2022, the amount of rubber hose reinforced with metal imported in MERCOSUR expanded markedly to X tons, picking up by 6.4% compared with the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +105.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, metal-reinforced rubber hose imports rose notably to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +66.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil dominates imports structure, amounting to X tons, which was approx. 68% of total imports in 2022. It was distantly followed by Argentina (X tons), Chile (X tons), Peru (X tons) and Colombia (X tons), together mixing up a 28% share of total imports.

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%), 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 +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported rubber hose reinforced with metal in MERCOSUR, comprising 60% of total imports. The second position in the ranking was taken by Chile ($X), with a 15% share of total imports. It was followed by Argentina, with a 9% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+3.4% per year) and Argentina (+6.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 7.2% against the previous year. In general, the import price, however, recorded a mild shrinkage. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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