South Africa: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in South Africa

The South African metal-reinforced rubber hose market amounted to $X in 2022, with an increase of 11% against the previous year. Overall, consumption posted a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Metal-Reinforced Rubber Hose Production in South Africa

In value terms, metal-reinforced rubber hose production reduced to $X in 2022 estimated in export price. In general, production, however, posted buoyant growth. The growth pace was the most rapid in 2017 when the production volume increased by 184% against the previous year. Metal-reinforced rubber hose production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from South Africa

After two years of decline, shipments abroad of rubber hose reinforced with metal increased by 20% to X tons in 2022. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 50% against the previous year. As a result, the exports reached 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 skyrocketed to $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) was the main destination for metal-reinforced rubber hose exports from South Africa, accounting for a 43% share of total exports. Moreover, metal-reinforced rubber hose exports to Australia exceeded the volume sent to the second major destination, Zambia (X tons), threefold. The third position in this ranking was taken by Botswana (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +93.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+17.6% per year) and Botswana (+8.5% per year).

In value terms, the largest markets for metal-reinforced rubber hose exported from South Africa were Australia ($X), Zambia ($X) and Democratic Republic of the Congo ($X), together comprising 51% of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +81.9%, saw the highest rates of growth with regard to the value of exports, 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, stabilizing at the previous year. In general, the export price saw a slight downturn. The growth pace was the most rapid in 2016 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Australia ($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 Zimbabwe (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into South Africa

In 2022, overseas purchases of rubber hose reinforced with metal increased by 22% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +51.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal-reinforced rubber hose imports skyrocketed to $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +71.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal-reinforced rubber hose to South Africa, accounting for a 53% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.9% per year) and Thailand (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with metal to South Africa, comprising 37% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by the United States, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.5% per year) and the United States (+7.7% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, picking up by 5.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 8.6%. The import price 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 supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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