Saudi Arabia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Saudi Arabia

The Saudi metal-reinforced rubber hose market expanded sharply to $X in 2022, with an increase of 10% against the previous year. In general, consumption recorded a mild increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Production in Saudi Arabia

In value terms, metal-reinforced rubber hose production rose rapidly to $X in 2022 estimated in export price. In general, production posted a strong expansion. The growth pace was the most rapid in 2016 when the production volume increased by 234% against the previous year. Metal-reinforced rubber hose production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from Saudi Arabia

In 2022, approx. X tons of rubber hose reinforced with metal were exported from Saudi Arabia; jumping by 1,526% on 2021 figures. Over the period under review, exports, however, saw a abrupt decline. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports contracted notably to $X in 2022. Overall, exports, however, saw a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 413% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for metal-reinforced rubber hose exports from Saudi Arabia, with a 70% share of total exports. Moreover, metal-reinforced rubber hose exports to Bolivia exceeded the volume sent to the second major destination, Ireland (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia was relatively modest.

In value terms, Ireland ($X) emerged as the key foreign market for rubber hose reinforced with metal exports from Saudi Arabia, comprising 41% of total exports. The second position in the ranking was taken by Bolivia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland was relatively modest.

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, which is down by -95.1% against the previous year. Overall, the export price showed a dramatic decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 104%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-6.5%).

Metal-Reinforced Rubber Hose Imports

Imports into Saudi Arabia

In 2020, overseas purchases of rubber hose reinforced with metal decreased by -14.9% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 95%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, metal-reinforced rubber hose imports declined markedly to $X in 2020. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 40%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of metal-reinforced rubber hose to Saudi Arabia, with a 64% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.4% per year) and Turkey (-10.9% per year).

In value terms, China ($X), Italy ($X) and Turkey ($X) were the largest metal-reinforced rubber hose suppliers to Saudi Arabia, with a combined 66% share of total imports. Spain, India and the United States lagged somewhat behind, together accounting for a further 25%.

Spain, with a CAGR of +28.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average metal-reinforced rubber hose import price amounted to $X per ton, falling by -11% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the UK (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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