Scandinavia: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Scandinavia

The Scandinavia textile rubber hose market soared to $X in 2021, with an increase of 15% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Textile Rubber Hose Production in Scandinavia

In value terms, textile rubber hose production reduced to $X in 2021 estimated in export price. In general, production, however, saw strong growth. The growth pace was the most rapid in 2019 with an increase of 138% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Textile Rubber Hose Exports

Exports in Scandinavia

Textile rubber hose exports surged to X tons in 2021, jumping by 52% on the year before. Over the period under review, exports, however, saw a noticeable decrease. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, textile rubber hose exports surged to $X in 2021. Overall, exports, however, recorded a perceptible slump. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark was the major exporting country with an export of around X tons, which accounted for 56% of total exports. Sweden (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Norway (16%) and Finland (12%).

Denmark was also the fastest-growing in terms of the rubber hose reinforced with textiles exports, with a CAGR of +8.5% from 2012 to 2021. At the same time, Finland (+2.2%) displayed positive paces of growth. By contrast, Sweden (-8.2%) and Norway (-13.1%) illustrated a downward trend over the same period. Denmark (+35 p.p.) and Finland (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Sweden and Norway saw its share reduced by -11.2% and -28.1% from 2012 to 2021, respectively.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2021, with a combined 90% share of total exports.

Denmark, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, reducing by -11.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Textile Rubber Hose Imports

Imports in Scandinavia

In 2021, after two years of decline, there was significant growth in supplies from abroad of rubber hose reinforced with textiles, when their volume increased by 21% to X tons. Over the period under review, imports, however, continue to indicate a noticeable descent. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, textile rubber hose imports expanded rapidly to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X tons) and Sweden (X tons) were the key importers of rubber hose reinforced with textiles in 2021, accounting for approx. 37% and 29% of total imports, respectively. Norway (X tons) took the next position in the ranking, followed by Finland (X tons). All these countries together held approx. 34% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +7.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest textile rubber hose importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together comprising 84% of total imports.

Among the main importing countries, Denmark, with a CAGR of +3.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, falling by -10.7% against the previous year. In general, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2019 an increase of 11%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform