Northern America: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Northern America

The North American rubber tube and pipe market expanded to $X in 2021, increasing by 2.4% against the previous year. Overall, consumption saw strong growth. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Northern America

In value terms, rubber tube and pipe production reduced to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 27%. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Northern America

In 2021, overseas shipments of tubes, pipes and hoses of vulcanized rubber increased by 8.9% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 13%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, rubber tube and pipe exports rose notably to $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Canada (X tons), creating an 8.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rubber tube and pipe exports from the United States stood at -3.0%. Canada (-1.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest rubber tube and pipe supplier in Northern America, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports.

In the United States, rubber tube and pipe exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 5.2% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2017 when the export price increased by 19%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.3%).

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of tubes, pipes and hoses of vulcanized rubber, when their volume increased by 27% to X tons. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, imports hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

The United States represented the main importing country with an import of about X tons, which recorded 81% of total imports. It was distantly followed by Canada (X tons), constituting a 19% share of total imports.

The United States was also the fastest-growing in terms of the tubes, pipes and hoses of vulcanized rubber imports, with a CAGR of +5.4% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The United States (+8 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -8% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber in Northern America, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports.

In the United States, rubber tube and pipe imports expanded at an average annual rate of +3.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -1.6% against the previous year. Overall, the import price saw a slight downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by 2.5%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.9%).

Source: IndexBox Platform

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