Northern America: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Northern America

The North American metal-reinforced rubber hose market soared to $X in 2022, growing by 22% against the previous year. Over the period under review, consumption enjoyed a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Metal-Reinforced Rubber Hose Production in Northern America

In value terms, metal-reinforced rubber hose production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports in Northern America

In 2022, overseas shipments of rubber hose reinforced with metal increased by 12% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, metal-reinforced rubber hose exports soared to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near 94% of total exports in 2022. It was distantly followed by Canada (X tons), mixing up a 6.5% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of rubber hose reinforced with metal. At the same time, Canada (+2.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.3% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest metal-reinforced rubber hose supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 5.2% share of total exports.

In the United States, metal-reinforced rubber hose exports expanded at an average annual rate of +3.4% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 7.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2015 when the export price increased by 9.5%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%).

Metal-Reinforced Rubber Hose Imports

Imports in Northern America

In 2022, overseas purchases of rubber hose reinforced with metal increased by 20% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a pronounced increase from 2012 to 2022: its volume 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 +65.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. 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 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 +80.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) represented the key importer of rubber hose reinforced with metal, generating 73% of total imports. It was distantly followed by Canada (X tons), making up a 27% share of total imports.

The United States was also the fastest-growing in terms of the rubber hose reinforced with metal imports, with a CAGR of +5.4% from 2012 to 2022. At the same time, Canada (+3.2%) displayed positive paces of growth. While the share of the United States (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-4.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported rubber hose reinforced with metal in Northern America, comprising 73% of total imports. The second position in the ranking was held by Canada ($X), with a 27% share of total imports.

In the United States, metal-reinforced rubber hose imports increased at an average annual rate of +5.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 7.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.2%).

Source: IndexBox Platform

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