Republic of Korea: Textile Rubber Hose Market 2025

Textile Rubber Hose Market Size in Republic of Korea

After two years of growth, the South Korean textile rubber hose market decreased by -4% to $X in 2021. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Textile Rubber Hose Production in Republic of Korea

In value terms, textile rubber hose production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 30%. Textile rubber hose production peaked at $X in 2020, and then shrank modestly in the following year.

Textile Rubber Hose Exports

Exports from Republic of Korea

In 2021, shipments abroad of rubber hose reinforced with textiles was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +10.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 46% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, textile rubber hose exports amounted to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main destinations of textile rubber hose exports from South Korea, with a combined 64% share of total exports. Mexico, the Czech Republic, Uzbekistan, Vietnam, India, the United Arab Emirates, Slovakia and Iran lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +63.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile rubber hose exported from South Korea were China ($X), the United States ($X) and Japan ($X), with a combined 66% share of total exports. Mexico, Uzbekistan, the Czech Republic, India, Slovakia, Vietnam, the United Arab Emirates and Iran lagged somewhat behind, together accounting for a further 25%.

Uzbekistan, with a CAGR of +67.0%, recorded the highest growth rate of 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

The average textile rubber hose export price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 6.5%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Republic of Korea

For the third consecutive year, South Korea recorded decline in overseas purchases of rubber hose reinforced with textiles, which decreased by -2.8% to X tons in 2021. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 15% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, textile rubber hose imports amounted to $X in 2021. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 11%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and Thailand (X tons) were the main suppliers of textile rubber hose imports to South Korea, together comprising 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +43.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Malaysia ($X) and the United States ($X) constituted the largest textile rubber hose suppliers to South Korea, together comprising 47% of total imports. These countries were followed by Thailand, Germany, Mexico and India, which together accounted for a further 24%.

Thailand, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average textile rubber hose import price stood at $X per ton in 2021, growing by 7.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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