Southern Asia: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Southern Asia

The South Asian rubber tube and pipe market reached $X in 2021, rising by 2.7% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Southern Asia

In value terms, rubber tube and pipe production rose notably to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports in Southern Asia

After two years of decline, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by 57% to X tons in 2021. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe exports surged to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, amounting to X tons, which was approx. 95% 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 +9.4% from 2012 to 2021. At the same time, Pakistan (+13.7%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +13.7% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest rubber tube and pipe supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3.3% share of total exports.

In India, rubber tube and pipe exports increased at an average annual rate of +14.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2018 when the export price increased by 9.2%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%).

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports in Southern Asia

In 2021, purchases abroad of tubes, pipes and hoses of vulcanized rubber was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 50%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India was the major importer of tubes, pipes and hoses of vulcanized rubber in Southern Asia, with the volume of imports accounting for X tons, which was near 75% of total imports in 2021. Bangladesh (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (6%). Sri Lanka (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to rubber tube and pipe imports into India stood at -2.3%. At the same time, Bangladesh (+17.5%) and Nepal (+13.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.5% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. By contrast, Pakistan (-1.3%) illustrated a downward trend over the same period. While the share of Bangladesh (+8.6 p.p.) and Nepal (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-10.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tubes, pipes and hoses of vulcanized rubber in Southern Asia, comprising 82% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 7.4% share of total imports. It was followed by Pakistan, with a 4.9% share.

In India, rubber tube and pipe imports increased at an average annual rate of +1.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+22.6% per year) and Pakistan (+5.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, leveling off at the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 when the import price increased by 24% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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 India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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