Southern Asia: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Southern Asia

In 2021, the South Asian textile rubber hose market decreased by -1% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 6.6% against the previous year. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Textile Rubber Hose Production in Southern Asia

In value terms, textile rubber hose production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.8% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Textile Rubber Hose Exports

Exports in Southern Asia

In 2021, the amount of rubber hose reinforced with textiles exported in Southern Asia skyrocketed to X tons, with an increase of 61% against the previous year. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose exports skyrocketed to $X in 2021. Over the period under review, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, resulting at X tons, which was approx. 98% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +10.6% from 2012 to 2021. At the same time, Pakistan (+10.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +10.8% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest textile rubber hose supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +15.8%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, with an increase of 4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2015 an increase of 17%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.1%).

Textile Rubber Hose Imports

Imports in Southern Asia

In 2021, the amount of rubber hose reinforced with textiles imported in Southern Asia skyrocketed to X tons, rising by 48% against the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, reaching X tons, which was approx. 78% of total imports in 2021. Pakistan (X tons) held a 9.5% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (7%). Sri Lanka (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, Bangladesh (+15.2%), Sri Lanka (+3.8%) and Pakistan (+2.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.2% from 2012-2021. Bangladesh (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -4.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported rubber hose reinforced with textiles in Southern Asia, comprising 91% of total imports. The second position in the ranking was held by Pakistan ($X), with a 3.5% share of total imports. It was followed by Bangladesh, with a 2.4% share.

In India, textile rubber hose imports expanded at an average annual rate of +7.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+2.1% per year) and Bangladesh (+4.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the import price increased by 15%. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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