Northern America: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Northern America

In 2021, the North American non-reinforced rubber tubing market increased by 3.5% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Non-Reinforced Rubber Tubing Production in Northern America

In value terms, non-reinforced rubber tubing production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Non-Reinforced Rubber Tubing Exports

Exports in Northern America

In 2021, the amount of rubber tubing not reinforced exported in Northern America totaled X tons, increasing by 12% against 2020 figures. In general, exports recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, non-reinforced rubber tubing exports expanded modestly to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 14%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was approx. 96% of total exports in 2021. Canada (X tons) held a little share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of rubber tubing not reinforced. At the same time, Canada (+3.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.2% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest non-reinforced rubber tubing supplier in Northern America, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 7.2% share of total exports.

In the United States, non-reinforced rubber tubing exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, which is down by -6.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 12% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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 Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.0%).

Non-Reinforced Rubber Tubing Imports

Imports in Northern America

In 2021, supplies from abroad of rubber tubing not reinforced was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, non-reinforced rubber tubing imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) represented the key importer of rubber tubing not reinforced, achieving 88% of total imports. It was distantly followed by Canada (X tons), constituting a 12% share of total imports.

The United States was also the fastest-growing in terms of the rubber tubing not reinforced imports, with a CAGR of +1.4% from 2012 to 2021. Canada (-4.0%) illustrated a downward trend over the same period. The United States (+6.3 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -6.2% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported rubber tubing not reinforced in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, reducing by -8.7% against the previous year. In general, the import price saw a slight downturn. The growth pace was the most rapid in 2017 an increase of 5.7% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).

Source: IndexBox Platform

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