South-Eastern Asia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in South-Eastern Asia

The Southeast Asian metal-reinforced rubber hose market reduced modestly to $X in 2022, standing approx. at the previous year. In general, consumption, however, saw measured growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal-Reinforced Rubber Hose Production in South-Eastern Asia

In value terms, metal-reinforced rubber hose production declined to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.2% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 39%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports in South-Eastern Asia

In 2022, metal-reinforced rubber hose exports in South-Eastern Asia declined modestly to X tons, remaining relatively unchanged against the previous year. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly 73% of total exports in 2022. Singapore (X tons) took the next position in the ranking, distantly followed by Indonesia (X tons). All these countries together held near 26% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of +6.1%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 95% of total exports. Indonesia lagged somewhat behind, accounting for a further 4.5%.

Among the main exporting countries, Indonesia, with a CAGR of +6.6%, saw the highest growth rate of 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 export price in South-Eastern Asia amounted to $X per ton, surging by 6.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.9%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.4%), while the other leaders experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports in South-Eastern Asia

In 2022, purchases 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. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +44.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, metal-reinforced rubber hose imports surged to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +43.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 33%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The purchases of the six major importers of rubber hose reinforced with metal, namely Indonesia, Vietnam, Thailand, Singapore, the Philippines and Malaysia, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +19.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 66% of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 32%.

The Philippines, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 an increase of 1.1%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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