SADC: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in SADC

The SADC metal-reinforced rubber hose market totaled $X in 2022, increasing by 7.6% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.3% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Metal-Reinforced Rubber Hose Production in SADC

In value terms, metal-reinforced rubber hose production declined to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in SADC

In 2022, after two years of decline, there was significant growth in shipments abroad of rubber hose reinforced with metal, when their volume increased by 20% to X tons. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2019 with an increase of 47% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports soared to $X in 2022. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 30% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

South Africa (X tons) represented roughly 99% of total exports in 2022.

South Africa was also the fastest-growing in terms of the rubber hose reinforced with metal exports, with a CAGR of +8.2% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +2.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal-reinforced rubber hose supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +7.0%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price saw a mild descent. The growth pace was the most rapid in 2016 an increase of 39% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -1.1% per year.

Metal-Reinforced Rubber Hose Imports

Imports in SADC

In 2022, supplies from abroad of rubber hose reinforced with metal increased by 19% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 31%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +48.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 30%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

South Africa prevails in imports structure, amounting to X tons, which was approx. 86% of total imports in 2022. Zambia (X tons), Democratic Republic of the Congo (X tons) and Tanzania (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal-reinforced rubber hose imports into South Africa stood at +3.7%. At the same time, Zambia (+15.8%), Democratic Republic of the Congo (+14.1%) and Tanzania (+6.2%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of +15.8% from 2012-2022. From 2012 to 2022, the share of Zambia increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported rubber hose reinforced with metal in SADC, comprising 78% of total imports. The second position in the ranking was taken by Zambia ($X), with a 4.3% share of total imports. It was followed by Tanzania, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at +3.0%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (+11.0% per year) and Tanzania (+13.5% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 9.3%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform