Middle East: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in the Middle East

The Middle Eastern metal-reinforced rubber hose market dropped rapidly to $X in 2022, waning by -23.8% against the previous year. In general, consumption, however, recorded a buoyant expansion. 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 the Middle East

In value terms, metal-reinforced rubber hose production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 363% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in the Middle East

Metal-reinforced rubber hose exports fell to X tons in 2022, waning by -14% against 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports fell to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 34%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of rubber hose reinforced with metal in the Middle East, making up 98% of total export.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of rubber hose reinforced with metal. While the share of Turkey (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest metal-reinforced rubber hose supplier in the Middle East.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 4.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 14%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.1% per year.

Metal-Reinforced Rubber Hose Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded decline in supplies from abroad of rubber hose reinforced with metal, which decreased by -2.8% to X tons in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose imports rose to $X in 2022. In general, imports saw a slight setback. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented the major importers of rubber hose reinforced with metal in 2022, accounting for near 38% and 27% of total imports, respectively. Iran (X tons) held the next position in the ranking, followed by Iraq (X tons). All these countries together took near 21% share of total imports. Israel (X tons), Kuwait (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal-reinforced rubber hose importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), with a combined 79% share of total imports. Israel, Iraq, Kuwait and Oman lagged somewhat behind, together comprising a further 14%.

Iraq, with a CAGR of +4.5%, recorded 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 the Middle East stood at $X per ton in 2022, with an increase of 4.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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