Pakistan: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Pakistan

The Pakistani metal-reinforced rubber hose market dropped notably to $X in 2022, falling by -22.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a slight contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from Pakistan

In 2022, metal-reinforced rubber hose exports from Pakistan declined remarkably to X tons, with a decrease of -22.1% on the previous year. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 93%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports fell rapidly to $X in 2022. Over the period under review, exports saw a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by 187% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) was the main destination for metal-reinforced rubber hose exports from Pakistan, with a 51% share of total exports. Moreover, metal-reinforced rubber hose exports to Tunisia exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. The Dominican Republic (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Tunisia amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+105.9% per year) and the Dominican Republic (+496.6% per year).

In value terms, the largest markets for metal-reinforced rubber hose exported from Pakistan were Tunisia ($X), the Dominican Republic ($X) and Jamaica ($X), together comprising 60% of total exports. Argentina, South Africa, Turkey and Canada lagged somewhat behind, together accounting for a further 23%.

Turkey, with a CAGR of +1,614.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, which is down by -13.5% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal-reinforced rubber hose export price increased by +47.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Pakistan

In 2022, the amount of rubber hose reinforced with metal imported into Pakistan shrank remarkably to X tons, falling by -24.1% against 2021 figures. In general, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2013 when imports increased by 196%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports dropped notably to $X in 2022. Overall, imports recorded a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of 141% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), China (X tons) and Spain (X tons) were the main suppliers of metal-reinforced rubber hose imports to Pakistan, together comprising 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with metal to Pakistan, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by Singapore, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.0% per year) and Singapore (+44.5% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, rising by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 an increase of 32%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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